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Diavik Diamond Production slides by 5 percent in Q2

2016-07-20


Dominion Diamond Corporation reports Diavik Diamond Mine production results for the second calendar quarter of 2016:

Processing volumes in the second calendar quarter of 2016 were 5% lower than in the same quarter of the prior year due to lower ore availability. Diamonds recovered in the second calendar quarter of 2016 were on plan, and were 26% lower than in the same quarter of the prior year. The difference from the prior year is a result of lower processing volumes and lower recovered grades.

The development of the A-21 pipe continues to progress according to plan. In addition to the 7.1 million carats produced from run of mine ore, there will be a small amount of production from Coarse Ore Rejects. This additional production is not included in the Company’s ore reserves, and is therefore incremental. Based on historical recovery rates, the tonnage of this material that is planned to be processed during calendar 2016 would produce 0.1 million carats from COR.

The aforementioned mine plan for the Diavik Diamond Mine was prepared and verified by Diavik Diamond Mines (2012) Inc, operator of the Diavik Diamond Mine, under the supervision of Calvin Yip, P. Eng., Principal Advisor, Strategic Planning of DDMI, and a Qualified Person within the meaning of National Instrument 43-101 of the Canadian Securities Administrators.