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News Breaks
March 14, 2014
06:34 EDTDDCDominion Diamond reports updated reserve, resource statement for Ekati, Diavik
Dominion Diamond released an updated reserve and resource statement for the Ekati and Diavik Diamond Mines. At the Ekati Diamond Mine, the resource model for the Pigeon kimberlite pipe was updated in calendar 2013 after additional definition and geotechnical drilling was conducted which resulted in an increase of 1.4 million tonnes of indicated resources to a total of 12M tonnes. Included in this increase is an additional 600,000 tonnes being promoted to probable reserve status for a total of 7.3M tonnes as a result of conducting these additional drilling programs and updating the open-pit design for the Pigeon kimberlite pipe. For the Diavik Diamond Mine, new data from the processing of samples from the 2012 deep drilling program on the A-154 North kimberlite pipe was incorporated into the latest reserve and resource models in calendar 2013. The updated A-154 North model has reclassified 2M tonnes from probable to proven reserve status. The A-154 South, A-418 and A-21 kimberlite pipes were not part of the 2012 drilling program and consequently there are no significant changes to their reserve and resource models.
News For DDC From The Last 14 Days
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December 12, 2014
05:24 EDTDDCDominion Diamond intents to initiate a dividend in April
Dominion Diamond announced that it intends to initiate a dividend following the release of its year-end results in April with the amount to be determined at that time.
05:23 EDTDDCDominion Diamond sees 1.6M carats recovered from Ekati Diamond Mine
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05:17 EDTDDCDominion Diamond sees FY14 Diavik Diamond Mine production about 6.9M carats
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05:12 EDTDDCDominion Diamond reports Q3 EPS 30c, consensus 32c
Reports Q3 revenue $222.3M, consensus $252.89M. Reports 975,000 carats recovered at Ekati Diamond Mine during Q3. Reports 669,000 carats recovered at Diavik Diamond Mine during Q3. For Q3, diamond production at the Ekati Diamond Mine was substantially ahead of plan due to higher than expected grades coupled with operational improvements to the processing plant implemented by the company over the last 13 months. At the Diavik Diamond Mine, processing volumes in Q3 were 2% higher than the prior year's comparable quarter. Diamonds recovered in the third calendar quarter at the Diavik Diamond Mine were consistent with the same quarter of the prior year. Through the third quarter, initiatives associated with improving availabilities, removing plant bottlenecks and increasing utilization of equipment were maintained, which have contributed to the significant improvement in tonnage processed and carats recovered on a year-to-date basis. On the mining front, continued efforts around mining equipment and shift utilization and increasing payload on equipment translated into better than expected ore production.
December 11, 2014
18:33 EDTDDCDominion Diamond reports Q3 EPS 30c, consensus 27c
Reports Q3 revenue $222.3M vs. $148.1M a year ago.
15:13 EDTDDCNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Adobe Systems (ADBE), consensus 30c; Quiksilver (ZQK), consensus (11c); Nordson (NDSN), consensus $1.13; Dominion Diamond (DDC), consensus 27c.
December 9, 2014
10:23 EDTDDCOn The Fly: Analyst Initiation Summary
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06:16 EDTDDCDominion Diamond initiated with a Buy at Citigroup
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