19 January 2015
YELLOWKNIFE, NT, CANADA (January 19, 2015) – Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company”) reports Diavik Diamond Mine production results for the fourth calendar quarter of 2014:
Processing volumes in the fourth calendar quarter were 5% lower than the same quarter of the prior year due to the improved processing rates in prior quarters fully exhausting the stockpiled ore by the third calendar quarter. This resulted in only run of mine ore being processed in the fourth quarter.
Carats recovered in the fourth calendar quarter were 25% lower than the comparable quarter of the prior year as a result of lower realized grades in all three ore bodies and a higher proportion of the lower grade A154 North ore being processed in the fourth calendar quarter of 2014 than in the comparable calendar quarter of 2013.
A new mine plan and budget for calendar 2015 has been approved by