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Q1 Production from Dominion’s Diavik Totals 1.9 Million Carats
Apr. 15, 2014 10:36AM PST
Diamond InvestingDominion Diamond Corp. (TSX:DDC,NYSE:DDC) announced its production results for the first calendar quarter of 2014, commenting that during that period, its Diavik mine produced 1.9 million carats from 0.6 million tonnes of ore processed.
Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) announced its production results for the first calendar quarter of 2014, commenting that during that period, its Diavik mine produced 1.9 million carats from 0.6 million tonnes of ore processed.
In the year-ago quarter, the mine put out 1.9 million carats from 0.5 million tonnes of ore processed.
As quoted in the press release:
Processing volumes in the first calendar quarter of 2014 were 17% higher compared to the same quarter of the prior year as a result of continuing improvements in mining rates as the underground ramp up progressed to full production from all three kimberlite pipes. Carat production from first quarter 2014 was 4% lower compared to the comparable quarter of the prior year, primarily as a result of mining and processing a greater proportion of the lower grade A-154 North ore.
Click here to read the full Dominion Diamond Corp. (TSX:DDC,NYSE:DDC) press release.
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