Diavik reports 25 per cent Q4 production drop

by eyetee | January 20, 2015 1:49 pm

[1]Canada’s Diavik Diamond Mine is reporting a drop of 25 per cent in carats recovered in the fourth quarter year over year.

According to Dominion Diamond Corp., which owns 40 per cent of the mine, this was 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.

Processing volumes in the fourth calendar quarter were five per cent lower than the same quarter of the prior year due to improved processing rates fully exhausting stockpiled ore by the third calendar quarter. This resulted in only run-of-mine ore being processed in the fourth quarter.

A new mine plan and budget for calendar 2015 has been approved by Dominion and Rio Tinto, which owns the remaining 60 per cent stake and operates the mine. 

The plan calls for production of approximately 6.7 million carats from the mining and processing of approximately 2.1 million tonnes of ore.

Source URL: https://www.jewellerybusiness.com/news/diavik-reports-25-per-cent-q4-production-drop/

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