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Mountain Province
Mountain Province Upbeat on Production
Shares in Mountain Province rose 12% Friday after it increased its production guidance for the Gahcho Kué deposit. The Canada-based miner has made plant modifications at thesite that will allow it to process between 3.2...
Mining May 12, 2019 Rapaport News
De Beers Venetia 150
De Beers Sales and Production Drop
De Beers’ sales volume fell 15% to 7.5 million carats in thefirst quarter, as overall demand for lower-value rough goods remained soft.Production for the three months ending March 31 dropped 8%to 7.9 million carats due...
Mining Apr 28, 2019 Rapaport News
DEF
DEF Debuts Scholarships for Canadian Industry
The Diamond Empowerment Fund (DEF) has launched its firsteducational grants for young people in Canada’s Northwest Territories (NWT). “Creating education and employment opportunities for youthwho live in areas where natural diamonds are...
Mining Apr 14, 2019 Rapaport News
Gahcho Kué
Analysts Expect Flat Rough Prices in 2019
Rough-diamond prices will remain sluggish this year as themarket challenges that arose in the second half of last year are set to continue,two investment banks have warned.Prices are likely to drop 1% to 2% in the first half of2019,...
Rough Markets Mar 28, 2019 Rapaport News
Mountain Province
Mountain Province Incurs Loss in 2018
The devaluation of the Canadian dollar pushed Mountain Province to a loss in 2018, even as sales grew strongly in the first full year of commercial operations at the Gahcho Kué mine.The miner reported a net loss of CAD 18.9...
Mining Mar 24, 2019 Rapaport News
De Beers
De Beers Merges South Africa, Canada Assets
De Beers will combine its mining ventures in South Africaand Canada to streamline operational management and increase sustainability, itsaid Monday. The new business, De Beers Group Managed Operations, willoversee the Venetia and Gahcho Kué...
Mining Feb 26, 2019 Rapaport News
TCWR 150
Canada’s Ice Road Opens for Milestone Year
February is a crucial time for Canada’s diamond mines.Located in the most remote region of the country’s frozen Northwest Territories(NWT), Rio Tinto, Dominion Diamond Mines and De Beers have a two-month windowto connect their mining operations...
Mining Feb 07, 2019 Leah Meirovich
Mountain Province
High-Value Rough Lifts Mountain Province
Stronger prices for higher-value rough diamonds boosted Mountain Province’s 2018 sales, as the company sold its entire production for the year. The miner’s sales surged79% year on year to $240 million in 2018, according...
Mining Jan 16, 2019 Rapaport News
Mountain Province
Gahcho Kué Production Set to Rise
Production at the Gahcho Kué mine is likely to exceedexpectations for 2018 before increasing steadily over the next three years, accordingto part owner Mountain Province. The company is confident total output at the Canada asset...
Mining Nov 28, 2018 Rapaport News
Mountain Province
Large Stones Drive Mountain Province Tender
Mountain Province’s average selling price rose at itsNovember tender amid strong demand for higher-value goods and a slightimprovement in the market for smaller rough. The miner garnered $72 per carat from the sale...
Mining Nov 19, 2018 Rapaport News
Mountain Province
Mountain Province Holds Back Dividend
Mountain Province decided not to pay a quarterly dividend toshareholders due to challenging conditions in the diamond market, the minerreported. Demand for rough from its Gahcho Kué mine in Canada was sluggishin the third quarter...
Mining Nov 14, 2018 Rapaport News
Mountain Province
Higher Grades Sustain Gahcho Kué Production
Production at the Gahcho Kué mine was flat in the thirdquarter as higher grades offset the impact of a planned closure. Ore from the asset yielded 2.4 carats of rough diamonds pertonne — an 8% increase versus a year ago....
Mining Oct 28, 2018 Rapaport News
De Beers
De Beers Production and Sales Slide
De Beers’ production fell 5% to 8.7 million carats in thethird quarter due to planned reductions in mining volumes in Botswana and SouthAfrica. The miner processed lower-grade ore at its Jwaneng mine inBotswana, resulting in overall output for Debswana...
Mining Oct 23, 2018 Rapaport News
Mountain Province
Indian Slowdown Dents Mountain Province
Mountain Province’s sales dropped at its October tender amid a weaker Indian market, the miner said last week. The company sold 366,505 carats of rough diamonds from its GahchoKué mine for $24.2 million,...
Mining Oct 22, 2018 Rapaport News
Mountain Province Gahcho Kue
New Find to Add Life to Gahcho Kué
A kimberlite discovered during new exploration at MountainProvince’s Gahcho Kué mine will expand total production at the asset. Deposits located near the north pipe of the mine have the potential to increase output at Gahcho Kuéby...
Mining Sep 25, 2018 Rapaport News
Mountain Province Gahcho Kue Diamond
Large Stones Keep Mountain Province on Track
Mountain Province’s sales increasedat its August tender, as larger stones and higher-than-expected productionboosted results. The miner sold 411,317 carats of diamonds from its Gahcho Kué mine for $26.9 million, at anaverage price of $65...
Mining Sep 13, 2018 Rapaport News
Mountain Province
Lack of Large Stones Hits Mountain Province Sales
Mountain Province’s sales dropped at its July tender,as a lack of large and fancy stones led to a lower average price. The miner sold 334,751 carats of diamonds from its GahchoKué mine for $22.2 million, at an average...
Mining Aug 16, 2018 Rapaport News
Argyle 150
Diamond Resources Might Not Be Forever
While it’s true that value comes from rarity, no naturalresource lasts forever, and the rare is becoming even rarer. Diamond productionis set to peak in 2019, after which it will begin a steady decline. De Beersestimates global...
Mining Aug 14, 2018 Leah Meirovich
Mountain Province 150
Currency Decline Hits Mountain Province
Mountain Province recorded a net loss in the second quarteras the weaker Canadian dollar inflated its debt levels. The loss amounted to $4.8 million (CAD 6.3 million) for thethree months ending June 30,...
Mining Aug 12, 2018 Rapaport News
Mountain Province 200
Higher Grades Boost Mountain Province
Production at the Gahcho Kué mine increased 20% year on year to1.9 million carats in the second quarter, as the asset yielded higher-graderecovery. “The second-quarter performance continues to follow thetrend of ongoing excellent performance set by the...
Mining Jul 22, 2018 Rapaport News
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