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Low diamond prices raise risk of early closure of N.W.T. mines, experts say

Summary by CBC News
All the N.W.T.’s major diamond mines are reporting millions of dollars in losses from last year as they face inflationary costs and slumping diamond prices.

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Low diamond prices raise risk of early closure of N.W.T. mines, experts say

All the N.W.T.’s major diamond mines are reporting millions of dollars in losses from last year as they face inflationary costs and slumping diamond prices.

·Canada
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Republic of MiningRepublic of Mining

Low diamond prices raise risk of early closure of N.W.T. mines, experts say – by Luke Carroll (CBC News North – April 4, 2025)

https://www.cbc.ca/news/canada/north/ All three N.W.T. diamond mines reported millions of dollars of losses in 2024 All of the N.W.T.’s diamond mines are reporting millions of dollars in losses from last year as they deal with inflation and slumping diamond prices. With just a short time left in the lifespan of the three mines and more potential ...

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CBC News broke the news in Canada on Friday, April 4, 2025.
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