6 September 2017
Dominion Diamond Corporation reported second quarter results for the three and six months ending July 31, 2017. All financial information is presented in US dollars.
Highlights include:
•Strategic review process completed
•Rebound in demand for lower-value diamonds contributes to improvement results
•Adjusted EBITDA of $115.2 million and free cash flow of $42.8 million in Q2, compared to $38.6 million and ($20.9) million, respectively, in Q2 fiscal 2017
•Solid operating performance with production increase driven by the Ekati
•In line with expectations, consolidated carats produced increased 72% to 2.6 million carats in Q2 fiscal 2018 from 1.5 million carats in Q2 fiscal 2017 due to higher tonnes processed and a focus on high-grade Misery Main ore at the Ekati mine, with steady performance at the Diavik Diamond Mine