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Production at Diavik touches 2.14 million carats in Q2’15
Company says it is in line with comparable quarter of 2014
By: Diamond World News Service
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Jul 17 2015 7:20PM
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Reference: 11705  

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Image Courtesy: Dominion Diamond Corp
Image Courtesy: Dominion Diamond Corp
Dominion Diamond Corporation noted that production at its Diavik Diamond Mine resulted in 2.14 million carats of diamonds in Q2 of 2015 as compared to 2.15 million carats in the same quarter last year, reports say. The company recovered the carats this quarter from 0.56 million tonnes of ore as compared to 0.62 million tonnes in Q2 2014.

The company noted that total diamond carats recovered in the current second quarter stood ‘consistent with production of the same quarter last year. Also, it stated that ‘higher grades achieved in the current year have offset the reduced processing volumes.’

It noted a 9 percent drop (on y-o-y basis) in the processing volumes in Q2 2015, which it attributed to ‘additional stockpile ore available and processed during the comparable quarter of the prior year and that this additional stockpile was fully exhausted in calendar 2014.’

The company expects Diavik’s full-year production (on a 100 percent basis) to stand at 6.7 million carats from 2.1 million tonnes of ore processed. It also forecasts production from coarse ore rejects (COR), which is not included in the company’s ore reserves, and is thus incremental. But based on historical recovery rates, the tonnage of this material planned to be processed in calendar year 2015 would produce 0.3 million carats from COR.’

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