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Mountain Province Upbeat on Production
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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...
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Mining
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May 12, 2019
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Rapaport News
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Resource Update Boosts Mountain Province
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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...
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Mining
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Apr 14, 2019
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Rapaport News
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Mountain Province Incurs Loss in 2018
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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...
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Mining
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Mar 24, 2019
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Rapaport News
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Gahcho Kué Production Set to Rise
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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...
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Mining
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Nov 28, 2018
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Rapaport News
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Mountain Province Holds Back Dividend
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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...
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Mining
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Nov 14, 2018
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Rapaport News
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Indian Slowdown Dents Mountain Province
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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,...
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Mining
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Oct 22, 2018
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Rapaport News
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New Find to Add Life to Gahcho Kué
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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...
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Mining
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Sep 25, 2018
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Rapaport News
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Large Stones Keep Mountain Province on Track
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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...
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Mining
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Sep 13, 2018
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Rapaport News
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Higher Grades Boost Mountain Province
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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...
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Mining
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Jul 22, 2018
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Rapaport News
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Firestone Chief Heads to Mountain Province
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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...
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Mining
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May 16, 2018
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Rapaport News
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Firestone Promotes Paul Bosma to CEO
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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,...
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Mining
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May 14, 2018
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Rapaport News
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Firestone Sees Rise in Output, Prices
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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...
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Mining
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Apr 25, 2018
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Rapaport News
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Firestone Diamonds Posts Inaugural Revenue
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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...
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Mining
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Mar 29, 2018
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Rapaport News
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Firestone Optimistic About 2018 Prices
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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...
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Mining
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Jan 17, 2018
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Rapaport News
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Firestone Raising Cash After Price Drop
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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...
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Mining
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Dec 04, 2017
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Rapaport News
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Firestone Diamonds Beats Production Goal
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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...
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Mining
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Oct 23, 2017
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Rapaport News
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Switch to Smaller Rough Dents Liqhobong Prices
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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...
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Mining
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Jul 17, 2017
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Joshua Freedman
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Large Diamond Confirms Liqhobong Potential
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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...
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Mining
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Apr 05, 2017
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Rapaport News
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Healthy Demand at First Liqhobong Sale
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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...
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Mining
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Feb 13, 2017
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Rapaport News
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Firestone Narrows FY Loss 50% to $11M
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Firestone Diamonds narrowed its fiscal-year loss by 50 percent year on year to $11.2 million for the period that ended on June 30. The company explained that lower depreciation and amortization charges, totaling $3.4 million...
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Financial-Legal
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Oct 02, 2014
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Deena Taylor
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