Dominion Diamond Reports Recovery of 1.5 Million Carats in Q4 2015

Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) reported Q4 2015 production results for the Diavik diamond mine, commenting that 0.46 million tonnes were processed, with 1.4 million carats recovered.
As quoted in the press release:

Processing volumes in the fourth calendar quarter of 2015 were 9% lower than the same quarter of the prior year due primarily to three weeks of maintenance shutdowns in the processing plant.

Diamonds recovered in the fourth calendar quarter were 3% lower than the same quarter of the prior year reflecting lower processing volumes which was partially offset by a higher recovered grade.
Diamonds recovered in calendar 2015 of 6.4 million carats were 9% lower than the original calendar 2015 plan of 7.0 million carats due to a combination of ore availability issues resulting from lower mining rates from A-154N and lower grades from A-418 earlier in the year, and availability of the process plant in the fourth calendar quarter.
The development of the A-21 pipe continues to progress according to plan.

A new mine plan and budget for calendar 2016 is under review by Rio Tinto plc and the Company.

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