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

95-carat gem boosts Mountain Province sale

North of 60 Mining News – July 6, 2018

 

Last updated 9/25/2020 at 5:43am

Newest diamond mine in Canada De Beers large gem diamonds

Mountain Province Diamonds Inc.

This 95.21 gem quality diamond recovered from the Gahcho Kué Mine in Northwest Territories helped to boost the proceeds from Mountain Province's fifth diamond sale this year to US$30.3 million.

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 has brought in US$137.4 million so far this year from selling its share of the diamonds from the Northwest Territories operation.

Owned by Mountain Province (49 percent) and De Beers Canada (51 perce...



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