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Mountain Province Loss Deepens Amid Falling Rough Prices

Summary by rapaport.com
Mountain Province’s loss grew even steeper in the second quarter as prices for its rough slid in the weakened market, and the mining of lower-grade ore meant it had fewer carats on offer.  The company, which operates the Gahcho Kué mine in Canada, reported a net loss of CAD 37.7 million ($27.4 million) for the three months that ended June 30, it said Wednesday. That compared to a loss of CAD 6.5 million ($4.7 million) during the same period a ye…
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rapaport.com broke the news in on Wednesday, August 13, 2025.
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