|
|
Mountain Province Cuts Quarterly Loss
Nov 13, 2016 8:46 AM
By Rapaport News
|
|
|
 RAPAPORT... Mountain Province Diamonds narrowed its loss in the third quarter ahead of its first sale of production from the Gahcho Kué mine in Canada.
The miner reported a net loss of $4 million (CAD 5.4 million) in
the three months that ended September 30, representing an 80 percent reduction
from a loss of $19.6 million a year ago.
Output from production ramp-up on August 1 to the end of the
quarter was 198,000 carats, of which about 97,000 carats are Mountain
Province’s share. The remainder belongs to De Beers, its joint-venture partner,
which owns 51 percent.
Mountain Province’s first sale of goods from Gahcho Kué is
scheduled to take place in Antwerp in mid-January and about every five weeks
afterwards.
|
|
|
|
|
|
|
|
|
|
Tags:
Antwerp, Canada, De Beers, Gahcho Kué, mining, mountain, Mountain Province Diamonds, Rapaport News, Rough Diamonds
|
|
|
|
|
|
|
|
|
|
|