GJ Town India

  Shaky & fragile market has tempered results in 2Q    Mountain Province Diamonds Inc announces financial results for the second quarter ended June 30, 2025 (Q2 2025) from the Gahcho Kué Diamond Mine (GK Mine). According to the Key takeaways of Q2 2025 are, 411,114 carats were sold for total proceeds of $36.8 million (US$26.6 million) at an average price of $90 per carat (US$65).    Loss from mine operations of $52.6 million, brought Net loss of $37.7 million. Cash costs of production, including capitalized stripping costs, and adjusted EBITDA are non-IFRS measures with no standardized meaning prescribed under IFRS.    Mark Wall, the Company's President, and Chief Executive Officer, commented, "The first half of 2025 was a period of solid operational discipline at the GK Mine, but one that also underscored the challenges we continue to face. While the global diamond market showed tentative signs of recovery earlier in the year, recent U.S. tariffs ...

The pendant to be auctioned on 28 November 2024   The Northwest Territories’ three diamond mines – Rio Tinto’s Diavik Diamond Mine, De Beers Group and Mountain Province Diamonds’ Gahcho Kué Diamond Mine, and Burgundy Diamond Mines’ Ekati Diamond Mine - have collaborated on a stunning one-of-a-kind pendant featuring diamonds from all three operations in a unique Northern design.   The pendant, set in 18-karat white gold, features a round brilliant-cut 0.41 carat Ekati diamond, a radiant-cut 0.51 carat Gahcho Kué diamond, and a round brilliant-cut 0.41 carat Diavik diamond. The three diamonds are set in a bespoke caribou antler design, paying homage to the unique Northern origin of the gems. It was designed by Adamas Diamonds and has an appraised retail replacement value of over C$12,000.   The pendant has been donated by the three diamond mines to be auctioned at the 2024 MAX Awards, taking place on Thursday, 28 November in Yellowknife as part of the 2024 Yellowknife Geosc...