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Latest Diavik Diamond Mine Stories

2009-06-04 06:00:00

TORONTO, June 4 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) (the "Company") today reported first quarter results for the period ending April 30, 2009. The Company recorded a consolidated net loss of $45.1 million or $0.68 per share for the quarter, compared to net earnings of $21.3 million or $0.35 per share in the first quarter of the prior year. Consolidated net loss for the quarter included a non-cash dilution loss of $34.2 million or $0.52 per share as...

2009-05-04 19:40:00

TORONTO, May 4 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) (the "Company") is pleased to provide an update to the Diavik Diamond Mine plan as a result of a revised budget for calendar 2009 that was recently approved by both Rio Tinto plc, the operator of the Diavik Diamond Mine, and the Company. The updated plan incorporates various production options that will enable the operation to adapt to changes in the diamond market. The plan allows for changes to...

2009-04-02 15:30:00

TORONTO, April 2 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) today reported fourth quarter and annual results for the period ending January 31, 2009. The Company recorded consolidated net earnings of $70.1 million or $1.15 per share for the year, compared to net earnings of $106.4 million or $1.82 per share in the prior year. Consolidated net earnings for the year included a non-cash write-down of the goodwill relating to the retail operations of $93.8...

2009-03-31 15:30:00

TORONTO, March 31 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX-HW; NYSE-HWD) ("Harry Winston") is pleased to announce the closing of the US$150 million strategic investment by Kinross Gold Corporation (TSX-K; NYSE-KGC) ("Kinross") that was announced on March 19, 2009. Kinross has subscribed to 15.2 million treasury shares from Harry Winston at a price of US$3.00 per share, being approximately 19.9% of the company's issued equity post the transaction. In addition, Kinross...

2009-03-30 16:15:00

TORONTO, March 30 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX-HW; NYSE-HWD) ("Harry Winston") today announced that Diavik Diamond Mines Inc. (DDMI), operator of the Diavik Diamond Mine in Canada'sNorthwest Territories, is taking a series of actions to preserve the strength of its operations during the challenging global market conditions. These actions include two production shutdowns, further deferral of the start of the underground mine production, and accelerating the...

2009-03-19 15:34:00

TORONTO, March 19 /PRNewswire-FirstCall/ - Harry Winston Diamond Corporation (TSX-HW; NYSE-HWD) ("Harry Winston") is pleased to announce a strategic investment by Kinross Gold Corporation (TSX-K; NYSE-KGC) ("Kinross"), whereby Kinross will make a net investment of US$150 million to acquire an indirect interest in the Diavik diamond mine and a direct equity stake in the company. As part of the transaction the parties have agreed to jointly consider other opportunities in the diamond mining...

2008-12-10 16:15:00

TORONTO, Dec. 10 /PRNewswire-FirstCall/ - Highlights (All figures are in United States dollars unless otherwise indicated) The Company recorded consolidated net earnings of $71.9 million, or $1.17 per share, for the third quarter compared to a net loss of $7.4 million, or $0.13 per share, respectively, in the third quarter of the prior year. Consolidated net earnings for the third quarter included a $49.0 million net foreign exchange gain, or $0.80...

2008-09-09 18:00:23

TORONTO, Sept. 9 /PRNewswire-FirstCall/ -- Harry Winston Diamond Corporation (TSX: HW; NYSE: HWD) today reported second quarter results for the period ending JulyÃӚ“šÃƒÆ’“šÃƒ“š 31, 2008. The Company recorded an increase in consolidated sales for the quarter of 7%, generating a 23% increase in gross margin and a 30%...

2008-07-25 18:00:45

TORONTO, July 25 /PRNewswire-FirstCall/ -- Harry Winston Diamond Corporation (TSX: HW; NYSE: HWD) today announced that the operator of the Diavik Diamond Mine has provided the following update on work during the second quarter of 2008 at the Diavik Diamond Mine: Ore production accelerated in the second quarter in line with plan due to improved operating conditions. Ore was mined predominantly from the A154 South kimberlite pipe, with smaller tonnages mined from the A154 North and A418 pipes....

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2008-03-12 09:35:00

Canada's far north region, once known for its gold mining, is now pulling diamonds from the ground, and unearthing some of the purest diamond deposits ever found.At the Diavik mine, 130 miles south of the Arctic Circle, a 650-foot deep crater can be seen among the ice-covered tundra where pipes containing vertical columns of diamond-bearing rock are among the most valuable in the world.  Kimberlite pipes spokesman Tom Hoefer said, "They're among the three best pipes in the world, by...


Word of the Day
vermicular
  • Like a worm in form or movement; vermiform; tortuous or sinuous; also, writhing or wriggling.
  • Like the track or trace of a worm; appearing as if worm-eaten; vermiculate.
  • Marked with fine, close-set, wavy or tortuous lines of color; vermiculated.
  • A form of rusticated masonry which is so wrought as to appear thickly indented with worm-tracks.
This word ultimately comes from the Latin 'vermis,' worm.
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