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Mountain Province Struggle Continues as Loss Nearly Doubles in 2024

Summary by rapaport.com
Mountain Province’s loss widened in 2024 as weak demand led to a drop in the average price of rough diamonds.  The miner, which operates the Gahcho Kué mine in Canada, plunged to a net loss of CAD 80.8 million ($56.4 million) for the full year, it said last week. That compares to a net loss of CAD 43.7 million ($30.5 million) in 2023. Sales for the year fell 19% to CAD 267.7 million ($195.2 million), as the average price dropped 19% to CAD 98 ($…
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Mountain Province Struggle Continues as Loss Nearly Doubles in 2024

Mountain Province’s loss widened in 2024 as weak demand led to a drop in the average price of rough diamonds.  The miner, which operates the Gahcho Kué mine in Canada, plunged to a net loss of CAD 80.8 million ($56.4 million) for the full year, it said last week. That compares to a net loss of CAD 43.7 million ($30.5 million) in 2023. Sales for the year fell 19% to CAD 267.7 million ($195.2 million), as the average price dropped 19% to CAD 98 ($…

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rapaport.com broke the news in on Sunday, March 30, 2025.
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