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News Breaks
July 21, 2014
06:37 EDTDDCDominion Diamond releases updated mine plan for Ekati Diamond Mine
Dominion Diamond announces that the Company has promoted the Misery Satellite material previously identified as an exploration target to an inferred resource. The Company also released an updated mine plan for the Ekati Diamond Mine. This current mine plan assumes production from Misery, Pigeon and Lynx open pits, and the Koala and Koala North underground operations. The mining of the Fox pit was completed this year. Koala North is currently in production as a sub level retreat underground operation and is scheduled to finish later this year. Koala is currently in production as a sublevel / inclined cave underground operation and is scheduled to finish in fiscal 2020. Stripping of waste material and satellite kimberlite is in progress at Misery open pit with expected full year production from the Misery Main Pipe in FY16 and completion of mining in FY18. Stripping of waste material from Pigeon open pit is scheduled to commence this year with mining of kimberlite commencing in FY16 and finishing in FY20.
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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