Dominion beats fiscal Q1 forecasts despite lower sales, Misery production ahead of plan

June 9, 2016

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The NYSE-quoted stock of Canadian diamond producer Dominion Diamond Corp on Thursday rose more than 7% to $11.64 apiece after the company late on Wednesday reported a net loss beating analyst expectations.
The Yellowknife, Northwest Territories-headquartered miner, which owns an 89%-stake in the Ekati mine and is in a 40/60 joint-venture partnership with mining major Rio Tinto at the Diavik mine, reported a net loss attributable to shareholders in the quarter ended April 30 of $1-million, or $0.01 a share, compared with a net income of $12-million, or $0.14 a share diluted a year earlier.

Category: General