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Diamonds.net - Mountain Province Slips into the Red

Mountain Province reported a loss in the third quarter despite record revenue, as the weak Canadian dollar dragged down its bottom line.The company had a net loss of CAD 7.2 million ($5.4 million) for the three months ending September 30, compared with a profit of CAD 8.8 million ($6.5 million)...
Rapaport United States Inc Rapaport United States Diamonds Net De Beers Ahcho Kué Mine Leah Meirovich

Diamonds.net - Mountain Province Scores Record Revenue

Mountain Province achieved its highest quarterly revenue in the company’s history as demand for rough remained resilient. Revenue jumped 17% year on year to $83.3 million in the third quarter ending September 30, the miner reported last week. Sales volume from the company’s Gahcho Kué mine in...
Rapaport United States Inc Rapaport United States Diamonds Net De Beers Ahcho Kué Ahcho Kué Mine

Diamonds.net - Mountain Province Lowers 2022 Production Forecast

Mountain Province has reduced its output guidance for the Gahcho Kué mine in Canada amid a Covid-19 outbreak at the site and other challenges.The miner now expects to produce between 5.6 million and 5.8 million carats of rough in 2022, compared with its previous forecast of 6.2 million to 6.4...
Rapaport United States Inc Rapaport United States Diamonds Net Covid 19 De Beers Ahcho Kué

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