Dominion Diamond Reports Q2 Sales; Appoints Ron Cameron As CFO - Quick Facts

(RTTNews) - Dominion Diamond Corp. (DDC.TO, DDC) reported that its Ekati Diamond Mine and the Diavik Diamond Mine performed exceptionally well in the second quarter of 2015. Rough diamond production, sales and pricing have all exceeded plan, the company said.

The company recorded total second-quarter sales of $277.3 million from Ekati and Diavik Rough Diamond mine compared to $261.8 million, prior year. For the second consecutive quarter, diamond production at the Ekati Diamond Mine was substantially ahead of plan due to higher than expected grades coupled with operational improvements to the processing plant implemented over the last 10 months, the company said. Dominion said the company now expects the Misery Satellite pipes to commence commercial production on September 1, 2014.

The company also announced the appointment, effective as of September 8, 2014, of Ron Cameron as CFO. Cameron will be replacing Ms Wendy Kei who had agreed to move from Toronto to Yellowknife for a two year period to support the move of the company's head office. Previously, Cameron was an Executive Vice President of Concentra Financial.