Diamonds Mining News

Mountain Province Diamonds
Mountain Province Diamonds
MPVD
Diamonds
Canada's Northwest Territories

Mountain Province Diamonds Announces Full Year and Fourth Quarter 2023 Results | MPVD.TO Press Release

Mountain Province Diamonds announced its full-year and Q4 2023 results, reporting a net loss of $43.7 million for the year, largely due to a $104.6 million impairment loss and a softening diamond market that led to lower realized prices. Despite these financial challenges, the company increased total tonnes mined and ore tonnes treated for the year, repaid $18 million in debt, and strategically managed diamond sales. The company anticipates lower production in 2024 but sees potential benefits from G7 sanctions on Russian diamonds for Canadian-origin goods.

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Lucara Diamond Corp.
Lucara Diamond Corp.
LUC
Diamonds
Botswana

LUCARA ANNOUNCES Q2 2025 RESULTS

Lucara Diamond Corp. reported Q2 2025 results, highlighting the recovery of a 2,036 carat diamond and continued progress on its underground project. However, the company issued a going concern warning due to covenant breaches on its project finance facility and a projected working capital deficit, necessitating additional financing. Lucara also revised its 2025 guidance downwards for diamond revenue, sales, and recovered carats, attributing this to mining a higher proportion of lower-grade ore.

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Tres-Or Resources Ltd.
Tres-Or Resources Ltd.
TRS
Diamonds
Quebec

Tres-Or Announces Type II Microdiamonds Dominate at the Guigues Kimberlite Pipe in Quebec

Tres-Or Resources Ltd. announced that highly desirable Type II microdiamonds, lacking measurable nitrogen, dominate samples from the Guigues Kimberlite pipe in Quebec. Fourteen out of seventeen microdiamonds tested were identified as Type II, indicating significant potential for high-value gem diamonds. This positive development is advancing the project towards its first macro-diamond tests.

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