6 July 2016
July 06,2016
YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--Jul. 6, 2016-- Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) is pleased to announce an updated capital allocation strategy and the sorting results of a recent production trial of Misery Main ore. Dominion also announces the departure of its Chief Financial Officer, Ron Cameron.
Misery Main Production Trial
The Misery Main production trial, which consisted of only Misery Main ore feed, was conducted in late May and early June. The trial resulted in the recovery of approximately 130,000 carats. These carats have now been sorted and valued, and the Company’s average estimated market price for this sample is $72 per carat, which includes the impact of the Company’s strategy for liberation of additional small diamonds. This confirms the Company’s previous estimate of diamond values for Misery Main.