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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
Mountain Province Gahcho Kue
Mountain Province Revenue Rises Amid Asia, US Demand
Mountain Province saw $52 million in revenue from its GahchoKué mine in the first quarter of 2018 amid strong demand for rough diamonds. “Rough-diamond markets in general continued to firm notablythrough the quarter, with strong...
Mining May 15, 2018 Rapaport News
Mountain Province 150
Gahcho Kué Gets Good Grades in 1Q
The Gahcho Kué mine in Canada yielded 1.6 million carats inthe first quarter ending March 31, keeping the asset on track to reach itsproduction guidance for the year. “The grades continue to perform well...
Mining Apr 29, 2018 Rapaport News
Mountain Province 150
Mountain Province Tender Yields $26M
Mountain Province’s sales increased at its April rough-diamondtender as a higher carat volume outweighed a weaker average price. The miner sold 451,000 carats of rough from its Gahcho Kuémine for $26.4 million at an average of $59 per...
Mining Apr 24, 2018 Rapaport News
kennady 150
Mountain Province Gets Approval for Kennady Deal
Mountain Province will move forward with its acquisition ofKennady Diamonds, after both parties’ shareholders approved the deal at aspecial meeting.In January, Mountain Province announced its intention torepurchase the Kennady exploration project...
Mining Apr 10, 2018 Rapaport News
Mountain Province 150
Mountain Province Sales Hit $134M in First Year
Mountain Province saw $134 million in revenue from the firstyear of operations at its Gahcho Kué mine, the company said this week. The miner sold 2 million carats at an average price of $70per carat during 2017,...
Mining Mar 29, 2018 Rapaport News
Gahcho Kue
High-Value Stones Fuel Mountain Province Prices
Mountain Province’s March tender achieved the miner’s highestaverage selling price to date, driven by a bigger-than-usual selection of largeand high-value diamonds, the company said. The miner sold 177,000 carats of rough from its Gahcho Kuémine...
Mining Mar 20, 2018 Rapaport News
De Beers Canada
De Beers Eyes Stake in Canada Diamond Project
De Beers and Mountain Province have signed a non-bindingagreement that opens the door to the two miners having shared ownership of the Kennady Diamonds project in Canada.The two companies are currently partners in the Gahcho Kué...
Mining Mar 18, 2018 Rapaport News
Rough Demand Boosts Mountain Province Sales 150
Gahcho Kué Prices Rise as Market Improves
Mountain Province Diamonds has posted its highest monthly sales total to date, as better-quality production and improved demand drove rough prices higher in February.The company sold a total of 351,000 carats from its Gahcho Kué...
Mining Feb 13, 2018 Rapaport News
Mountain Province to Acquire Kennady Diamonds 150
Mountain Province Acquires Kennady Project
Mountain Province Diamonds will purchase exploration group KennadyDiamonds in an all-share deal, reuniting two Canadian companies that split fiveyears ago. For each Kennady share, its investors will receive 0.975 ofa Mountain Province...
Mining Jan 30, 2018 Rapaport News
Virginia Drosos Signet
2017’s Diamond Merry-Go-Round
The past year has seen a number of changes in management-levelemployees within the diamond industry. Here’s a breakdown of the new faces anddepartures for 2017: Alrosa CEO Andrey Zharkov stepped down to besucceeded by former Sberbank senior...
Polished Markets Dec 26, 2017 Rapaport News
Gahcho Kue processing plant
Gahcho Kué Production Exceeds Forecasts
Mountain Province Diamonds could surpassits diamond output target for 2017 from the Gahcho Kué mine in Canada’sNorthwest Territories due to stronger-than-expected production in the thirdquarter.Mountain Province is a 49% partnerwith De Beers Canada in the mine, which...
Mining Oct 25, 2017 Rapaport News
David Whittle Mountain Province
Mountain Province Names New Chief
Mountain Province Diamonds has appointed David Whittle asinterim CEO to replace Patrick Evans, who has stepped down, the miner announcedThursday.Evans, who had been CEO of Mountain Province for 11 years,will continue as a director and...
Mining Jun 11, 2017 Rapaport News
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