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Dominion Diamond Increases Q1 Production by 21%

Dominion Diamond Corporation ( DDC ) reported that in the first calendar quarter of 2013, the Diavik Diamond Mine produced 1.9 million carats from 0.5 million tonnes of ore processed, as compared to 1.6 million carats from 0.5 million tonnes of ore processed in the comparable quarter of the prior year. This represents an increase of 21%.

The plan for calendar 2013 foresees Diavik Diamond Mine production of approximately 6 million carats from the mining and processing of approximately 1.6 million tonnes of ore with a further 0.2 million tonnes processed from stockpile ore. Current production for calendar 2013 is ahead of plan by approximately 39% and an upward revision of the plan is under consideration for the end of the second quarter.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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