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Dominion Diamond Announces Fiscal 2018 Guidance: Strong Sales and Adjusted EBITDA Driven by High Value Ekati Production and Solid Performance at Diavik

DOMINION DIAMOND CORP (DDC)  More Company Research Source: Business Wire
PDF YELLOWKNIFE, Northwest Territories--(BUSINESS WIRE)-- Dominion Diamond Corporation (TSX:DDC, NYSE:DDC) (the “Company” or “Dominion”) today released its guidance for sales, Adjusted EBITDA(1), unit operating costs, and capital and exploration expenditures for fiscal 2018 (ending January 31, 2018). All amounts are in US dollars unless otherwise noted. An exchange rate of 1.33 CDN$/US$ was used for costs denominated in Canadian dollars. Highlights Sales are expected to be between $875 and $975 million, an increase of 62% compared to fiscal 2017 sales, assuming the mid-point of fiscal 2018 guidance is achieved. Adjusted EBITDA is forecast to be between $475 and $560 million, reflecting a high margin ore mix, combined with ongoing cost containment and efficiency initiatives. The cash cost of production(2) is expected to be between $70 and $80 per tonn [Read more]

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