North of 60 Mining News - The mining newspaper for Alaska and Canada's North

Explorers seeking new mineral discoveries in the Northwest Territories are expected to spend less in 2018 than the C$90 million they shelled out collectively last year. Natural Resources Canada... — Updated 10/28/2020 Full story

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 Full story

Mountain Province Diamonds Inc. July 11 announced the discovery of a new kimberlite roughly 200 meters east of the planned open pit mining area for the Tuzo kimberlite on the Gahcho Kué Mine... — Updated 9/25/2020

Mountain Province Diamonds Inc. April 11 reported an increase in the tonnage and grade of the diamond resource at the Faraday 2 kimberlite on the company's Kennady North project in Northwest Territo... — Updated 9/25/2020

The quest for diamonds at the Kennady North project next door to the Gahcho Kué Mine in Northwest Territories got a boost on Feb. 27 when owner Mountain Province Diamonds Inc. reported plans to begi... — Updated 9/25/2020

Mountain Province Diamonds Inc. Feb. 27 announced that it has begun a winter exploration program targeting new kimberlite prospects at Kennady North, a diamond property that borders the Gahcho Ku... — Updated 9/25/2020

Mountain Province Diamonds Inc. Jan. 31 announced that a 60.59-carat, fancy vivid yellow rough diamond recovered at the Gahcho Kué Mine in Northwest Territories will be included in a February... — Updated 9/25/2020

Mountain Province Diamonds Inc. Nov. 27 forecast that the Gahcho Kué Mine in Northwest Territories will produce between 6.6 million and 6.9 million carats of diamonds in 2019 and the company... — Updated 9/25/2020

New gold mines are expected to drive strong economic growth in Nunavut and Yukon over the next several years, according to the latest Territorial Outlook published by The Conference Board of... — Updated 9/25/2020

Mountain Province Diamonds Inc. Oct. 23 reported that the Gahcho Kué Mine in Northwest Territories recovered 1.82 million carats of diamonds during the third quarter. Owned by Mountain Province (49... — Updated 9/25/2020

Northwest Territories may fall behind Canada's two other territories in mining activity in the near-future, but projects underway in the northern jurisdiction hold substantial promise for mid- to... — Updated 9/25/2020

Peregrine Diamonds Ltd. July 19 announced that De Beers Canada Inc. has agreed to buy the exploration company in a cash deal worth roughly C$107 million. Under the terms of the agreement, De Beers... — Updated 9/25/2020

Mountain Province Diamonds Inc. June 28 reported US$30.3 million in proceeds from its latest sale of diamonds from the Gahcho Kué Mine. This is the fifth sale of 2018 and the Toronto-based company h... — Updated 9/25/2020

Mining is expected to fuel strong economic growth in Nunavut and Yukon in the coming years, according to The Conference Board of Canada's latest Territorial Outlook. "With many new mining projects... — Updated 9/25/2020

Mountain Province Diamonds Inc. April 13 completed its acquisition of Kennady Diamonds Inc. in an all-share deal worth roughly C$176 million. Kennady Diamonds owns Kennady North, a rapidly... — Updated 9/24/2020

Kennady Diamonds Inc. Feb. 5 announced that crews have mobilized for a roughly 10,500-meter winter drill program at its Kennady North diamond project in Northwest Territories. Around 60 percent of... — Updated 9/24/2020

Mountain Province Diamonds Inc. Jan. 29 announced a definitive agreement to acquire Kennady Diamonds Inc. under a friendly all-share deal worth roughly C$176 million. Kennady Diamonds owns Kennady N... — Updated 9/24/2020

While mining activity remained strong in the Northwest Territories in 2019, industry and government officials alike worried that the robust sector, driven largely by production at three diamond... — Updated 8/14/2020 Full story

Since achieving commercial production at the Gahcho Kué Mine in 2017, Mountain Province Diamonds Inc. has resumed exploring for more diamonds across the wider property and Kennedy North, an... — Updated 8/14/2020

The Washington Companies, a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis Washington, acquired Dominion... — Updated 11/23/2018 Full story

Dominion Diamond Corp. Nov. 1 announced that it has closed the deal to sell all of its outstanding shares to The Washington Companies for US$14.25 per share, worth roughly US$1.2 billion. Founded by... — Updated 1/25/2018 Full story

With the opening of Gahcho Kué, Northwest Territories is reaping the rewards of past exploration spending across the vast diamond-rich expanse of northern Canada. In fact, the new diamond mine is... — Updated 1/24/2018 Full story

Kennady Diamonds Inc. is a Toronto-based explorer focused on Kennady North, a rapidly advancing diamond project located about seven kilometers (4.5 miles) northeast of Gahcho Kué - a mine owned by... — Updated 1/24/2018

Mountain Province Diamonds Inc. Feb. 6 reported the recovery of a 67.87 carat gem quality diamond during the ramp-up of production at the Gahcho Kué Mine. This is the largest gem quality diamond... — Updated 2/12/2017