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By Shane Lasley
Mining News 

Transitional year for Mountain Province

Strong diamond prices more than offset drop in gem output North of 60 Mining News – March 24, 2023


Last updated 3/23/2023 at 3:08pm

A collection of large yellow, white, and brown rough diamonds with one cut gem.

Mountain Province Diamonds Inc.

Mountain Province realized an average price of US$112 per carat from the 2.66 million carats of Gahcho Kué diamonds it sold in 2022.

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 Territories.

Owned under a joint venture between Mountain Province (49%) and De Beers Canada Inc. (51%), Gahcho Kué produced 5.52 million carats of diamonds during 2022. While this is a 12% drop from the 6...

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