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Dominion’s sales in Q2’2017 at US$ 160 million
Sells a total of 1,341,000 carats in the quarter
By: Diamond World News Service
Aug 20 2016 5:22PM
Reference: 13355  

Dominion Diamond Corporation announced its financial results for the second fiscal quarter of 2017 closing July 31, 2016. The company recorded sales worth US$ 160 million indicating a 23.7 percent drop on y-o-y basis. The company attributed this low performance to the high proportion of lower value goods from the Misery Satellites available for sale in the quarter.

The company’s sales in H1 2017 stood at US$ 338.2 million. In the said quarter it sold a total of 1,341,000 carats.

Sale from the Ekati diamond mine stood at US$ 83.3 million for 668,000 carats. Sales from the Diavik mine were of 673,000 carats worth US$ 76.7 million.

The company noted that apart from Ekati, sales recorded are carats produced and sold from the processing of material during a pre-commercial production period. In the second quarter three rough diamond sales took place.

In reference to production, Ekati’s performance saw 0.9 million carats being recovered, depicting a rather flat output.

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