Mountain Province buys Kennady Diamonds
North of 60 Mining News – April 20, 2018
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Last updated 9/24/2020 at 7:32pm
Mountain Province Diamonds Inc.
An aerial view of De Beers and Mountain Province's Gahcho Kué diamond mine before the start of commercial production.
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 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).
Since being spun out of Mountain Prov...
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