Mountain Province gives De Beers 49% of Gahcho Kué
Diamond-market weakness pushes the Canadian miner to shed mine liabilities and seek fresh funding for its balance sheet.
Mountain Province Diamonds
Canada’s first diamond mine to shut down
Canada’s first diamond mine, Ekati in the Northwest Territories, will shut down following a Supreme Court of British Columbia ruling placing it into receivership this…
Gahcho Kué diamond mine earnings fall in ‘disappointing’ market for De Beers JV
Mountain Province Diamonds (TSX: MPVD) says its third-quarter earnings fell and mine operations swung into a loss as costs rose and grades dropped at the Gahcho…
Gahcho Kué diamond mine life extended to 2031
A resource and reserve update from Mountain Province Diamonds (TSX: MPVD) reveals the plant at the Gahcho Kué mine will be recovering stones into 2031, a…
Muddy Waters targets Mayfair Gold for board takeover
Muddy Waters Capital, the American hedge fund that often short-sells companies, is instead taking a long position in plans to take over Mayfair Gold (TSXV: MFG)…
Mountain Province reports Gahcho Kué production miss; ups guidance
Mountain Province Diamonds (TSX: MPVD; US-OTC: MPVD) has increased the 2023 production outlook for its Gahcho Kué mine in Canada’s Northwest Territories despite reporting a…
Mountain Province finds new kimberlite around Gahcho Kue mine
Mountain Province Diamonds (TSX: MPV) has found a new kimberlite on the claims and leases surrounding its Gahcho Kué joint venture operation in the Northwest…
NWT safety commission, companies launch investigation following death at diamond mine
An investigation is underway at the Gahcho Kué Mine site in the Northwest Territories following the death of a worker in an accident there on…
PDAC 2022: Promising diamond, gold exploration might fill economic void after diamond mines close, says NWT industry minister
The planned closure of three producing diamond mines in the Northwest Territories in the next few years will open a gap in the territorial economy,…
Mountain Province discovers kimberlite in three target areas at Kennady North
Mountain Province Diamonds (TSX: MPVD; OTC: MPVD) has released interim exploration results for its 100%-held Kennady North project in the Northwest Territories, consisting of over…
Copper Mountain, Gahcho Kué receive MAC’s 2022 TSM Excellence Awards
The Mining Association of Canada’s (MAC) Community of Interest Advisory Panel has selected the Gahcho Kué mine, owned as a joint venture between De Beers Group and…
TSX rises, Nov. 8-12
The S&P/TSX Composite index rose 312.70 points or 1.46% to finish the November 8-12 trading week at 21,768.50. The S&P/TSX Global Mining Index gained 5.97…