Mountain Province, Kennady Diamonds reunite

North of 60 Mining News – February 2, 2018

 

Last updated 9/24/2020 at 6:20pm

Kennady Diamonds Inc.

Drilling has outlined 13.62 million carats of diamonds in the Kelvin Kimberlite about 4.5 miles northeast of De Beers and Mountain Province Diamonds' Gahcho Kué Mine.

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 North, a rapidly advancing diamond project about seven kilometers (4.5 miles) northeast of Gahcho Kué – a mine owned by Mountain Province (49 percent) and De Beers Canada (51 percent).

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