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Mountain Province
Currency Gains Boost Mountain Province Profit
Mountain Province’s profit increased in the second quarter amid a stronger Canadian dollar that reduced its debt levels, it said Tuesday. Profit jumped 61% to CAD 10.3 million ($7.8 million) for thethree months ending...
Mining Aug 07, 2019 Rapaport News
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
Mountain Province
Resource Update Boosts Mountain Province
Diamond resources at Mountain Province’s explorationproject in Canada’s Northwest Territories are 74% higher than the company originallyestimated, according to a revised evaluation. The Faraday 2 deposit, one of three pipes in the miner’sKennady North project, has 5.5...
Mining Apr 14, 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
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
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
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 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
Stuart Brown Mountain Province
Firestone Chief Heads to Mountain Province
Mountain Province has appointed Stuart Brown as its CEO, to succeed interim chief David Whittle, the Canada-based miner said Tuesday. Brown (pictured), currently CEO of Firestone Diamonds, recentlyannounced he would leave the company on June...
Mining May 16, 2018 Rapaport News
Paul Bosma Firestone
Firestone Promotes Paul Bosma to CEO
Firestone Diamonds has appointed industry veteran Paul Bosmato succeed Stuart Brown as CEO from July 1, the company said Monday. Bosma (pictured) — who worked for De Beers for 14 years — joinedFirestone as mineral-resources manager in 2014,...
Mining May 14, 2018 Rapaport News
Firestone 150
Firestone Sees Rise in Output, Prices
Firestone Diamonds’ production and selling prices increased in the thirdquarter amid better rough-market conditions and higher-grade ore from its Liqhobongmine.Output stood at 192,604 carats for the three months ending March 31, the...
Mining Apr 25, 2018 Rapaport News
firestone
Firestone Diamonds Posts Inaugural Revenue
Firestone Diamonds recorded its first half-year revenue from the Liqhobongmine in Lesotho, the company said Tuesday. The miner saw sales of $28 million from the recovery of379,716 carats during the six months...
Mining Mar 29, 2018 Rapaport News
Firestone Reports Quarterly Sales 150
Firestone Optimistic About 2018 Prices
Firestone Diamonds saw an increase in the average price achieved at its Liqhobong mine in Lesotho in the second fiscal quarter as production shifted to a higher-grade area of the operation. The company achieved $80 per carat during the...
Mining Jan 17, 2018 Rapaport News
Firestone Liqhobong mine
Firestone Raising Cash After Price Drop
Firestone Diamonds is looking to raise $25 million (GBP 18.5million) to fund operations at its Liqhobong mine in Lesotho after weak roughprices drove the company to a loss and forced it to rethink its plan for theasset. Disappointing demand...
Mining Dec 04, 2017 Rapaport News
renard
Firestone Diamonds Beats Production Goal
FirestoneDiamonds slightly surpassed its output target at the Liqhobong mine in Lesotho inthe first fiscal quarter that ended September 30.The miner recovered 199,007 carats during the July-to-September period, compared to 204,000 carats in the...
Mining Oct 23, 2017 Rapaport News
Firestone Liqhobong mine
Switch to Smaller Rough Dents Liqhobong Prices
The average selling price of rough diamonds from FirestoneDiamonds’ Liqhobong mine lagged behind the company’s forecast for the fourthfiscal quarter as the company recovered more lower-value stones.The miner sold 182,786 carats for...
Mining Jul 17, 2017 Joshua Freedman
Firestone 110ct. rough diamond
Large Diamond Confirms Liqhobong Potential
Firestone Diamonds has extracted a 110-carat, light-yellowdiamond, which it says is the largest discovery to date at its Liqhobong mine in Lesotho.The gem-quality rough diamond surfaced during the ramp-upphase of the mine, where production began in October. Before...
Mining Apr 05, 2017 Rapaport News
Liqhobong
Healthy Demand at First Liqhobong Sale
Firestone Diamonds reported strong demand for higher-qualitydiamonds at its debut sale of rough from the Liqhobong mine in Lesotho. However,weaker market conditions dented prices for smaller stones.The sale held in Antwerp from February 6 to 10 fetched...
Mining Feb 13, 2017 Rapaport News
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