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De Beers Canada Inc.
2 posts
De Beers to take full control of Gahcho Kué as Mountain Province restructures
Mountain Province Diamonds Inc. has agreed to transfer its 49% interest in the Gahcho Kué diamond mine to De Beers Canada in exchange for releases from mine-related debt and liabilities, while preserving a potential route back into the asset before the end of 2029.
Mountain Province Diamonds (TSX: MPVD) just posted a record quarter, so why does the stock still look trapped?
Record carats, weaker pricing, tighter liquidity. Mountain Province Diamonds’ Q1 update leaves investors with a bigger question.