Dominion Diamond raises expected 2013 gem production
TORONTO (miningweekly.com) – Canadian miner Dominion Diamond on Friday raised the expected precious gem output on a 100% basis from its 40%-owned Diavik mine, for this year, by 11% to 6.6-million carats, as it planned to process more of the stockpiled ore.
Dominion said the Diavik carats would be derived from mining about 1.6-million tonnes of ore and processing about two-million tonnes of material from both mining and stockpiles.
The new mining plan, however, would be subject to further revision at the end of the second quarter.
Dominion also said it was reviewing a new mine plan and budget for the 80%-owned Ekati diamond mine for the next operating period. This plan would provide for production (on a 100% basis) of about one-million carats from April 10, the date on which the company acquired its controlling interest in the Ekati mine, to the calendar 2013 year-end.
This would be derived from mining about 3.5-million tonnes from mineral reserves, and processing about 3.9-million tonnes, with the additional material being made up of diamond-bearing kimberlite from a satellite body in the Misery openpit, which was excavated as part of the waste stripping, as the pit profile was advanced.
Rough diamond sales for the 2014 financial year, based on current rough diamond prices, were expected to total about $730-million, with $365-million coming from each of the 40% share of Diavik and the 80% share of Ekati.
Included in the fiscal 2014 sales for Diavik was about $25-million from sales of inventory for sale at January 31, as well as about $70-million for Ekati from opening acquisition inventory that was expected to be sold towards the end of the 2014 financial year.
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