De Beers and Mountain Province Diamonds have suspended operations at their jointly owned Gahcho Kué diamond mine, 280 km north of Yellowknife, as they work to contain a Covid-19 outbreak that began last week. In addition to two cases in…
Dominion Diamond‘s sale of Canada’s first diamond mine, Ekati, to Arctic Canadian Diamond Company has been completed. Full operations at the site, which had been placed on care and maintenance at the beginning of the pandemic last March, resumed on…
After a devastating 2020 which saw a near collapse in the global diamond trade, Mountain Province Diamonds‘ latest sales figures show the sparkle may be starting to return to the diamond sector. The 49%-owner of the Gahcho Kué mine in…
Since resuming regular diamond tenders in September, Mountain Province Diamonds has seen prices for its goods start to rise. In fact, the diamond junior, which owns a 49% stake in the Gahcho Kué mine in the Northwest Territories, says…
After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer by value, has reported a growing momentum in sales. Several small producers also reported their…
Mountain Province Diamonds held its first traditional diamond sale since the pandemic began on Sept. 19 in Antwerp. And while the sales figures are modest, the resumption of diamond sales is a major positive development for the diamond sector, which…
TORONTO – Mountain Province Diamonds‘ biggest shareholder is once again providing a lifeline to the diamond miner, which has been starved of revenue since the coronavirus pandemic began in March. After closing a $50-million alternative diamond sale deal in June…
For companies without the size and heft of the big producers De Beers and Alrosa, the diamond space has always been a challenging one – even before the coronavirus pandemic. But with long-term fundamentals that point to a bright future…
TORONTO – With the diamond trade still largely shut down due to the coronavirus pandemic, Mountain Province Diamonds has found a way to bring in much needed revenue with a $50-million sale of rough to a company owned by its…
Management moves announced this week include: Dean Besserer is now VP of exploration with Freeman Gold. Golden Tag Resources has named Greg McKenzie president, CEO and a director with Carmelo Marrelli appointed to the CFO role. Will Ansley is now…
Unlike many other mines in Canada and around the world that have been put on care and maintenance in the last week because of the global COVID-19 pandemic, De Beers‘ (51%-owned) and Mountain Province Diamonds‘ (49%-owned) Gahcho Kué mine in…
Partners Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD) and De Beers seem to be finding their stride at the Gahcho Kue mine, in the Northwest Territories. Mountain Province owns a 49% stake in the open pit mine, while De Beers is the majority owner…