Dominion Diamond says Diavik Mine production up 17% Y/Y

|About: Dominion Diamond Corporation (DDC)|By:, SA News Editor

Dominion Diamond (NYSE:DDC) says Q2 processing volumes at its Diavik diamond mine in Canada rose 17% Y/Y, due to improvements in mining rates as the underground ramp-up progressed throughout 2013 to full production from all three kimberlite pipes, and improvements in the availability and utilization of the processing plant.

DDC says the 38% increase in diamonds recovered in Q2 was the result of a combination of higher realized grades in all three ore bodies, and a higher volume of ore processed.