Dominion Diamond Corporation Reports Fiscal 2017 Third Quarter Sales and Ekati Production Results

18 November 2016

YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)--Nov. 17, 2016-- Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) reports Ekati Diamond Mine and Diavik Diamond Mine third fiscal quarter 2017 (August 1, 2016 to October 31, 2016) sales and Ekati Diamond Mine production results. Unless otherwise specified, all financial information is presented in U.S. dollars.

Highlights

Ekati and Diavik Rough Diamond Sales:

• Third fiscal quarter diamond sales1 were $102.7 million from the sale of 1.2 million carats (Q3 fiscal 2016 – $145.0 million from the sale of 0.8 million carats).

Ekati Production (100% basis):

• During Q3 fiscal 2017, the Ekati Diamond Mine recovered 1.0 million carats from 0.4 million tonnes of ore processed (Q3 fiscal 2016 – 0.8 million carats recovered from 0.9 million tonnes processed).
• During the quarter, tonnes of ore processed were significantly reduced as a result of the fire at the Ekati process plant that occurred on June 23, 2016 and the subsequent shutdown of the process plant.
• The Ekati process plant resumed operations at full capacity on September 21, 2016 and prioritized processing of higher value ore from Misery Main open pit and Koala underground operations.
• Carat production was positively impacted during the quarter from the processing of a high proportion of high grade Misery Main ore.

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