Dominion Diamond Anticipates 11-percent Increase in Diavik Output

Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) announced that its revised 2013 calendar year forecast for the Diavik diamond mine anticipates production of 6.6 million carats from the mining of 1.6 million metric tons (MT) of ore and the processing of 2 million MT of mined and stockpiled material.

As quoted in the press release:

The approximately 11% increase in carats produced for calendar 2013, as compared to the previously disclosed plan, relates primarily to the processing of more stockpiled ore during the calendar year.  This plan is subject to further revision at the end of the second quarter.

A new mine plan and budget for the Ekati Diamond Mine for the next operating period is currently under review. This plan foresees production (on a 100% basis) for the period from April 10, 2013 … to the calendar 2013 year-end of approximately 1.0 million carats from the mining of approximately 3.5 million tonnes from mineral reserve, and the processing of approximately 3.9 million tonnes, with the additional material being made up of diamond bearing kimberlite from a satellite body in the Misery open pit that is excavated as part of the waste stripping as the pit profile is advanced.

Click here to read the full Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) press release.