Dominion Diamond shares rise on improved 2018 sales forecast

The TSX-listed stock of Canada’s largest diamond producer Dominion Diamond Corp on Friday gained 12.33% to C$13.21, after the company announced late on Thursday that it expects fiscal 2018 sales to be between $875-million and $975-million, an increase of 62% over fiscal 2017 sales. The Yellowknife, Northwest Territories-based miner said the improved outlook is being driven by high-value output at the Ekati mine and a solid performance at its Diavik mine.