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Mountain Province Yellow Diamond 150
Low Grades Dent Mountain Province Output
Production at Gahcho Kué dropped 10% year on yearto 1.7 million carats in the second quarter, as mining took place in a lower-grade portion of the deposit. “The grade variance year over year is mainly a function ofmining lower-grade-ore...
Mining Jul 21, 2019 Rapaport News
Mountain Province
Promising New Kimberlite Found at Gahcho Kué
Geologists have discovered the first new kimberlite pipe in over 20 years at the Gahcho Kué mine in Canada, shareholder Mountain Province reported Tuesday.The find comes nearly three years after production launched at Gahcho Kué,...
Mining Jun 12, 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
Ex-Lucara CEO Joins Mountain Province Board
Mountain Province has added three industry veterans to itsboard, including William Lamb, the former head of Lucara Diamond Corp., it saidMonday. Lamb has more than 25 years of experience in miningoperations and project development. He served as CEO...
Mining May 06, 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
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
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
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
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
Patrick Evans
Ex-Dominion CEO to Launch Lab-Grown Venture
The former CEO of Dominion Diamond Mines is launching alab-grown-diamond venture targeting the bridal market, the Financial Timesreported. Patrick Evans’s company will produce synthetic stones at aUS location with access to cheap solar power,...
Technology Jan 15, 2019 Rapaport News
Dominion Patrick Evans
Dominion CEO Patrick Evans Resigns
Dominion Diamond Mines CEO Patrick Evans has stepped down withimmediate effect after a year at the company, the miner confirmed to RapaportNews Sunday. Evans joined the Canada-based producer in November 2017 afterits $1.2 billion...
Mining Dec 10, 2018 Leah Meirovich
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
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