Dominion Diamond releases out the Third Quarter Results for fiscal 2016

  • 449

The Canadian diamond mining company, Dominion Diamond Corporation has published its third quarter, outcome for fiscal 2016. The fourth part of FY was punctuated by strong investment in its Diavik and Ekati mines, and the integrated net profit attributes to shareholders was $4.1 million, or $.05 per share

The Canadian diamond mining corporation, Dominion Diamond Corp. has proclaimed its third quarter result for the financial year 201. Operating cash flow of the mines was $60.9 million and after excluding the cash expenditures of $52.3 million the corporation was in profit in its fourth quarter with a positive free cash flow of $8.5 million. Positive earnings considered as a big challenge in the diamond market, thus with a positive free cash flow report Dominion Diamond Corporation is pleased. Aside from the investments in the A-21 pipe at the Diavik Diamond Mine and the Misery Main along with Pigeon, and Jay pipes at the Ekati Diamond Mine Company shows a positive free cash flow, says Brendan Bell, CEO of Dominion Diamond Corp. proudly. He further added that this year they entertain a substantial balance sheet that was running to be a next transitional year at Ekati, as the Jay environmental assessment is coming to the finishing line and the development of A-21 at Diavik continues to advance on schedule and budget. In continuation to this, he stated that consolidated N.P attributed to shareholders was $4.1 million or say $.05 per share.

More :

Canadian diamond Mining Corporationpositive free cash flowBrendan Bellthird quarter resultDominion Diamond Corp.outcome for fiscal 2016

You May Also Like

Know HOW, JVC extends its helping hand to help jewelers Know HOW, JVC extends its helping hand to help jewelers
Fashion jewelry brand Nikki Lissoni joins Company of Master Jewelers. Fashion jewelry brand Nikki Lissoni joins Company of Master Jewelers.
MID forefronts the 2015’s Top Diamond Exporters List MID forefronts the 2015’s Top Diamond Exporters List
Largest diamond sold at a record breaking price Largest diamond sold at a record breaking price
Supervisory Board of ALROSA grants the 2016 budget Supervisory Board of ALROSA grants the 2016 budget
Jewelry and Watch,2016 show to see new brands. Jewelry and Watch,2016 show to see new brands.
BaubleBar receives $20 million backing BaubleBar receives $20 million backing
WHO is BAFTA’s official jewelry partner? WHO is BAFTA’s official jewelry partner?

Conversations

Facebook Twitter Google Plus Pinterest Instagram Linkedin