Strong Rough Market Boosts Mountain Province Q3 Results

Rough Market
28/09/2021 06:15

Announcing its Q3 Antwerp sales results, Mountain Province Diamonds, operating as 49% partner with De Beers in the Gahcho Kué mine in the NWT (Canada) sees the strong prices of the first half of the year continue in Q3 with 1,028,327cts sold for a value of US$74.1m or avg US$72/ct. Year-to-date results amounting to 2,349,644ct or nearly US$170m in sales revenue. CEO Stuart Brown is hopeful the momentum remains as we approach the end of year holiday season, adding that the positive balance has allowed the company to repay its short-term debt facility much sooner than the company anticipated.