Dominion Diamond Corp lifts Q1 sales, ahead of targets
TORONTO (miningweekly.com) – Canadian miner Dominion Diamond Corp on Tuesday reported total sales of C$175.5-million from selling 841 000 ct from its Ekati and Diavik diamond mines, in Canada’s Northwest Territories, during the first quarter that ended on April 30.
The company sold 259 000 ct from its Ekati mine for C$92.8-million and 582 000 ct from the Diavik mine for a total of C$82.7-million.
Toronto-based Dominion added that it had also sold 100 000 ct, which were not included in total Ekati sales for the period, from the Misery south and south-west kimberlite pipes for C$6.9-million or an average $75/ct.
The company noted that production, sales and pricing all exceeded targets for the first quarter of the financial year, with production at current sales prices ahead of expectations by C$100-million.
Ekati's output during the first three months of 2014 was 24% off target at 561 000 ct, and from Diavik, output was 13% ahead of target at 1.84-million carats.
As at the end of the financial first quarter, the company's total inventory stood at C$285-million of which $65-million comprised discretionary inventory.
Dominion’s TSX-listed stock was on Tuesday on the rise, gaining 4.43%, or C$0.59 a share, to C$13.90 apiece.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation