Resumed Antwerp Sales Encouraging for Mountain Province

Rough Market
22/09/2020 07:26

Mountain Province, owning a 49% interest in the Gahcho Kué mine in the Northwest Territories, resumed Antwerp sales this week for the first time since the pandemic broke out, a positive signal that boosted the miner's stock, up 9% on Monday. “The results of the first small sale, post the covid-19 pandemic are an encouraging start considering that the market has been at a standstill for nearly six months. The results of the sale were a positive sign as the markets for rough and polished diamonds start to return.”, CEO Stuart Brown commented. Prices achieved, totalling US$8.9 million according to Mining MX, were comparable with Mountain Province's last pre-covid tender in February. The next tender is scheduled for the end of October.