- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) reported Q3 2015 production results from its Diavik diamond mine, noting that it recovered 24 percent fewer diamonds than it did in the year-ago period.
Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) reported Q3 2015 production results from its Diavik diamond mine, noting that it recovered 24 percent fewer diamonds than it did in the year-ago period. The lower recovery rate came on the back of lower processing volumes and lower recovered grades from two pipes.
As quoted in the press release:
Processing volumes in the third calendar quarter of 2015 were 15% lower than the same quarter of the prior year due to a combination of two factors. First, additional stockpile ore was available and processed during the comparable quarter of the prior year; this additional stockpile was fully exhausted in calendar 2014. Second, ore availability in the current quarter was slightly impacted by poor ground conditions at A-418 and A-154 North.
Diamonds recovered in the third calendar quarter were 24% lower than the same quarter of the prior year reflecting lower processing volumes and lower recovered grades from the A-154 South and A-418 pipes which was offset in part by increased production from coarse ore rejects (“COR”).
The development of the A-21 pipe continues to progress according to plan.
Click here to read the full Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) press release.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.