Last €14.20 EUR
Change Today -0.036 / -0.25%
Volume 0.0
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As of 3:18 PM 12/23/14 All times are local (Market data is delayed by at least 15 minutes).

dominion diamond corp (AB7) Snapshot

Open
€14.01
Previous Close
€14.24
Day High
€14.42
Day Low
€13.96
52 Week High
12/9/14 - €14.59
52 Week Low
05/12/14 - €8.62
Market Cap
1.2B
Average Volume 10 Days
130.0
EPS TTM
--
Shares Outstanding
85.1M
EX-Date
03/19/09
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for DOMINION DIAMOND CORP (AB7)

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dominion diamond corp (AB7) Details

Dominion Diamond Corporation focuses on the mining and marketing of rough diamonds worldwide. The company operates through Diavik Diamond Mine, Ekati Diamond Mine, and Corporate segments. It holds 80% ownership interest in the Ekati group of mineral claims; and a 40% ownership interest in the Diavik group of mineral claims, both located at Lac de Gras in Northwest Territories, Canada. The company was formerly known as Harry Winston Diamond Corporation and changed its name to Dominion Diamond Corporation in March 2013. Dominion Diamond Corporation was founded in 1980 and is based in Toronto, Canada.

919 Employees
Last Reported Date: 04/21/14
Founded in 1980

dominion diamond corp (AB7) Top Compensated Officers

Chairman, Chief Executive Officer and Directo...
Total Annual Compensation: $986.6K
Acting Chief Executive, Executive Vice Presid...
Total Annual Compensation: $265.4K
Executive Vice President of Buying & Sourcing...
Total Annual Compensation: $571.3K
President of Dominion Diamond Ekati Corporati...
Total Annual Compensation: $332.9K
Executive Vice President
Total Annual Compensation: $328.6K
Compensation as of Fiscal Year 2014.

dominion diamond corp (AB7) Key Developments

Dominion Diamond Corporation Reports Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended October 31, 2014

Dominion Diamond Corporation reported unaudited consolidated earnings results for third quarter and nine months ended October 31, 2014. For the quarter, the company’s sales were $222,236,000 against $148,138,000 a year ago. Operating profit was $67,481,000 against $4,509,000 a year ago. Income before income taxes from continuing operations was $59,377,000 against loss before income taxes from continuing operations of $3,754,000 a year ago. Net profit from continuing operations was $33,620,000 against net loss from continuing operations of $6,546,000 a year ago. Net profits from continuing operations attributable to shareholders was $25,478,000 or $0.30 per basic and diluted share against net loss from continuing operations attributable to shareholders of $4,794,000 or $0.06 per basic and diluted share a year ago. Net profit attributable to shareholders was $25,478,000 or $0.30 per basic and diluted share against net loss attributable to shareholders of $4,794,000 or $0.06 per basic and diluted share a year ago. Net cash from operating activities was $70,539,000 against $6,580,000 a year ago. Purchase of property, plant and equipment was $31,571,000 against $35,186,000 a year ago. EBITDA from continuing operations was $115.4 million against $36.5 million a year ago. For the nine months, the company’s sales were $675,171,000 against $518,778,000 a year ago. Operating profit was $144,641,000 against $30,628,000 a year ago. Profit before income taxes was $117,760,000 against loss before income taxes of $2,729,000 a year ago. Net profit from continuing operations was $68,501,000 against net loss from continuing operations of $19,217,000 a year ago. Net profit from continuing operations attributable to shareholders was $66,732,000 or $0.78 per basic and diluted share against net loss from continuing operations attributable to shareholders of $15,175,000 or $0.18 per basic and diluted share a year ago. Net profit attributable to shareholders was $66,732,000 or $0.78 per basic and diluted share against $487,482,000 or $5.63 per diluted share a year ago. Net cash from operating activities was $188,070,000 against $102,294,000 a year ago. Purchase of property, plant and equipment was $133,353,000 against $88,688,000 a year ago. EBITDA from continuing operations was $294.6 million against $115.5 million a year ago.

Dominion Diamond Corporation Reports Approval for the A-21 Pipe at Diavik

Dominion Diamond Corporation reported that Rio Tinto plc, the parent company of the operator of the Diavik Diamond Mine (Diavik Diamond Mines (2012) Ltd. ("DDMI")), has approved the development of the A-21 pipe at the Diavik Diamond Mine, in which the company holds a 40% stake. DDMI has estimated the total capital cost for the development of the A-21 pipe to be approximately USD 350 million at the company's estimated Canadian/US dollar exchange rate of USD 1.11 (on a 100% basis), with the company's share being USD 140 million. The A-21 resource is well understood, and A-21 diamond production is planned for late calendar 2018. The A-21 production will provide an important source of incremental supply for Diavik, ensuring the continuation of existing production levels. The A-21 ore body is located under a lake requiring construction of a dike to isolate the open pit operations. The bulk of the requisite infrastructure for the A-21 pipe is already in place from the previous dike construction and pit operations at the Diavik Diamond Mine, and the necessary operating licenses and agreements are in place for project implementation. The A-21 ramp up is anticipated to commence immediately, with the first equipment and supplies scheduled to be transported in early 2015 to the Diavik mine site on the seasonal winter ice road. Four years of dike construction and pre-stripping (2015-2018) are expected to be followed by approximately five years of open-pit mining. The Diavik Joint Venture has approved the 2015 programme of works. Expenditure on the development of the A-21 pipe in 2015 will relate to crushing costs, pipeline construction and initial dike foundation and abutment work in preparation for expected dike construction during the 2016 and 2017 summer seasons. Pre-stripping of the open pit is expected to commence in 2018 following dewatering of the pool within the dike. DDMI has estimated that the A-21 pipe contains (on a 100% basis) 3.6 million tonnes of measured resources, at a grade of 2.8 carats per tonne, and 0.4 million tonnes of indicated resources at a grade of 2.6 carats per tonne. These estimates are as of December 31, 2013. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The Company intends to publish a detailed summary of the updated reserves only mine plan for the Diavik Diamond Mine, plus A-21, once these have been approved by DDMI. The Company expects to receive an updated estimate of the mineral reserves and mineral resources at the Diavik Diamond Mine from DDMI in the first calendar quarter of 2015. Using the prices from the company's September 2014 rough diamond sale and the current diamond recovery profile of the Diavik processing plant, the Company has modeled the approximate rough diamond price per carat for the A-21 pipe to be approximately USD 145 per carat.

Dominion Diamond Corporation to Report Q3, 2015 Results on Dec 11, 2014

Dominion Diamond Corporation announced that they will report Q3, 2015 results at 5:00 PM, Eastern Standard Time on Dec 11, 2014

 

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AB7 Competitors

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AB7

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Valuation AB7 Industry Range
Price/Earnings 25.6x
Price/Sales 1.7x
Price/Book 1.1x
Price/Cash Flow 25.6x
TEV/Sales 1.2x
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