(100) stories found containing 'mountain province diamonds'
Sorted by date Results 1 - 25 of 100
Mountain Province reports strong year
Mountain Province Diamonds Inc. Jan. 23 reported its production and sales results for the fourth quarter and full year 2023 from its Gahcho Kué diamond mine in Northwest Territories, Canada,... — Updated 2/1/2024
Wildfires upset NWT mineral exploration
With a summer marred by unprecedented wildfires behind them, companies exploring the mineral-rich Northwest Territories are reporting impressive results from their 2023 programs. Seeking new deposit... — Updated 1/17/2024
Transitional year for Mountain Province
Mountain Province Diamonds Inc. March 23 reported that strong diamond prices during 2022 resulted in the company's highest-ever annual revenue from the Gahcho Kué Mine in Canada's Northwest... — Updated 3/23/2023
North to the critical mineral future
The increasing number of electric vehicles charged with renewable energy, connected to 5G networks, and boasting the computing power of 200 laptops to autonomously traverse global highways is... — Updated 1/20/2023
Surprise Gahcho Kué kimberlite discovery
In its effort to identify and delineate diamond-rich kimberlites that will extend the life of Gahcho Kué Mine in Northwest Territories beyond 2030, Mountain Province Diamonds Inc. is involved with... — Updated 1/18/2023
Minerals hunt in NWT turns 'critical'
Mining activity in Northwest Territories held steady in 2022 despite constraints imposed by the ongoing COVID-19 pandemic as a cadre of mainly junior mining companies took up the international... — Updated 1/17/2023
Gahcho Kué Mine offers 151.6 carat gem
Mountain Province Diamonds Inc. Aug. 31 announced the upcoming sale of diamonds from the Gahcho Kué mine in Canada's Northwest Territories will include a 151.6 carat colored octahedron of... — Updated 9/8/2022
Mountain Province sees up, downs in Q2
Strong diamond prices are helping Mountain Province Diamonds Inc. overcome higher diesel costs, a slower-than-expected post-COVID ramp up of operations, and a primary crusher bearing failure during... — Updated 7/28/2022
Mountain Province nets $25M from sale
Mountain Province Diamonds Inc. Jan. 25 announced that it received US$25 million (C$31.5 million) from the sale of 181,851 carats of diamonds recovered from the Gahcho Kué Mine in Northwest... — Updated 2/3/2022
Securing funding for Gahcho Kué supplies
Mountain Province Diamonds Inc. Dec. 31 provided details of a proposed US$50 million financing arrangement with Dermot Desmond, the Canadian diamond mining company's largest shareholder. Mountain... — Updated 2/3/2022
Gahcho Kué produces 6.3M carats in 2021
Mountain Province Diamonds Inc. Jan. 13 reported that the Gahcho Kué Mine in Canada's Northwest Territories produced 6.23 million carats of diamonds during 2021, just below the guidance of 6.3... — Updated 1/27/2022
Signs of NWT mineral exploration revival
Mineral exploration activity in Northwest Territories showed signs of revival in 2021, coming on the heels of the slowest year in recent memory. Excited by renewed interest in gold deposits in and... — Updated 1/26/2022
Mountain Provinces explores Kennady North
Mountain Province Diamonds Inc. has two active exploration programs focused on discovering new diamond-rich kimberlites to extend the life of Gahcho Kué, a diamond mine in Northwest Territories... — Updated 1/26/2022
Gahcho Kué deals with new COVID outbreak
With a new outbreak of COVID-19 cases, the ongoing coronavirus pandemic continues to be a challenge for the Gahcho Kué diamond mine in Canada's Northwest Territories. When it comes to the mining... — Updated 1/6/2022
Diamond output rebounds at Gahcho Kué
Mountain Province Diamonds Inc. July 13 reported an increase in diamond production at Gahcho Kué during the second quarter, putting the Northwest Territories mine on pace to reach at least the... — Updated 8/12/2021
COVID slows Gahcho Kué diamond output
Mountain Province Diamonds Inc. April 13 reported a drop in diamond production at Gahcho Kué due to an unplanned 22-day shutdown related to the February COVID-19 outbreak at the Northwest... — Updated 4/29/2021
COVID outbreaks at northern mine camps
Long before COVID-19 became a household name for a global pandemic, remote mining camps have needed to take precautions to ensure more common illnesses did not spread amongst the crewmembers that... — Updated 3/4/2021
NWT miners clear 2020 hurdles
For many mining companies eyeing prospects in Canada's far north, 2020 presented insurmountable challenges. But for the few explorers and producers focused on Northwest Territories, the year proved... — Updated 1/28/2021
Mountain Province diamond prices jump
Mountain Province Diamonds Inc. Jan. 25 reported that it received C$27.8 million (US$21.8 million) from the sale of 241,827 carats of diamonds recovered from the Gahcho Kué Mine in Northwest... — Updated 1/28/2021
Mountain Province looks forward to 2021
After enduring the multiple challenges of being a diamond miner through the COVID-19 pandemic, Mountain Province Diamonds Inc. ended 2020 strong and is positioned well for 2021. "Under very... — Updated 1/14/2021
Gahcho Kué Mine adjusts to COVID-19
Mountain Province Diamonds Inc. Oct. 15 reported increased production at Gahcho Kué during the third quarter as crews at the Northwest Territories diamond mine adjust to COVID-19 protocols. A total... — Updated 11/12/2020
Gahcho Kué diamond prices rebound
Mountain Province Diamonds Inc. Nov. 2 announced it received C$45.7 million (US$34.3 million) from the Oct. 30 sale of 559,528 carats of diamonds from the Gahcho Kué Mine in Canada's Northwest... — Updated 11/5/2020
Mountain Province diamond sales resume
Mountain Province Diamonds Inc. Sept. 21 reported that it received US$89 million from the sale of 210,661 carats of diamonds from the Gahcho Kué Mine in Northwest Territories. This Sept. 19 sale... — Updated 10/8/2020
Pandemic curbs diamond mining, markets
Though world diamond markets remain closed after their shutdown this spring in response to the COVID-19 pandemic, diamond mining in Canada's North is showing signs of life. One mine, Ekati, shut... — Updated 9/26/2020
Mountain Province finds diamond buyer
Mountain Province Diamonds Inc. June 8 announced it has found a buyer of US$50 million of diamonds in a market otherwise closed to the sale of the gems due to COVID-19. Mountain Province owns a 49%... — Updated 9/26/2020