Ekati mine owner seeks creditor protection amid diamond decline in Canada’s Far North
Rising costs, depressed prices and heightened competition from synthetic stones have forced the owner of the Ekati diamond mine in Canada’s Far North to file…
Diamond
Gemfields revenue drops 32% after ‘difficult’ year
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) said 2025 revenue fell 32% to $135.1 million as operational disruptions and weak demand for rubies…
Rio exits Diavik as Canada’s diamond boom flickers
Rio Tinto (ASX, LSE, NYSE: RIO) said it’s produced its final diamonds from the Diavik mine in Canada’s Northwest Territories, bringing to a close one of…
Atco backs Nunavut road project with $10M investment
Utilities and infrastructure company Atco (TSX: ACO.X) is investing $10 million (US$7.2 million) for a 40% stake in Inuit-backed West Kitikmeot Resources (WKR), which is…
Gemfields flags 2025 loss amid delays, weak prices
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) warned on Tuesday it expects to post a loss for its 2025 financial year as weaker…
Lucara finds rare blue diamond in Botswana
Canada’s Lucara Diamond (TSX: LUC) has recovered a high-quality 36.92-carat blue diamond from stockpiled ore at its Karowe mine in Botswana. The Type IIb stone…
Nevada tops Fraser survey as Ontario, Saskatchewan rise
Nevada has dislodged Finland as the best jurisdiction for mining investment globally while two Canadian provinces – Ontario and Saskatchewan – have climbed into the…
Botswana Diamonds rebrands, targeting copper
Botswana Diamonds (LON: BOD) will rebrand as Botswana Minerals and trade under the new ticker BMIN starting Friday as it expands into copper exploration to cut…
Roundup Video: NWT targets 2027 Mineral Resources Act launch
Canada’s Northwest Territories is aiming to finalize regulations for its Mineral Resources Act by mid-2027, a step needed to bring the 2019 law into force…
Anglo posts $3.7B loss on fresh De Beers writedown
Impairment reduces De Beers’ value, bringing total writedowns for the diamond unit to $6.8 billion in 2025.
Anglo flags third De Beers writedown
Anglo American (LSE: AAL) is weighing a third writedown of De Beers in as many years as weak diamond prices persist and the miner advances…
Gemfields auction revenue drops 34%
Gemfields (LSE: GEM; JSE: GML) said its annual auction revenue fell 34% to $129 million in 2025, underscoring a sharp slowdown in the coloured gemstone…