The upside to the downturn
VANCOUVER — The past few years have been tough on junior miners and those who invest in them.
Diamonds
Petra Diamonds recovers 122.52 carat blue diamond
The Cullinan diamond mine at the foothills of the Magaliesberg mountain range, 37 km northeast of Pretoria in South Africa, is one of the world’s most celebrated diamond mines.
Dominion Diamond’s sparkling start in fiscal 2015
Toronto-based Dominion Diamond (TSX: DDC; NYSE: DDC) reported a strong operational start to the year, with higher-than-expected diamond production, sales and average prices for its first quarter of fiscal 2015.
Latin American Minerals dreams big in Paraguay
One of South America’s most isolated countries — ruled by a series of authoritarian governments for most of the twentieth century — has seen virtually no modern mineral exploration.
Digging for diamonds
A roundup of the latest news from Canadian-listed diamond explorers, developers and miners. Afri-Can Marine Minerals Afri-Can Marine Minerals (TSXV: AFA) reported in January the results of a positive prefeasibility study…
Dominion Diamond banks on Ekati
It’s been one year since Dominion Diamond (TSX: DDC) took over operations at the Ekati diamond mine in the Northwest Territories, and president and CEO Bob Gannicott says the company’s transition…
Lucara’s Karowe mine proves to be a gem
Lucara Diamond (TSX: LUC) had a very good 2013 at its Karowe mine in Botswana, reporting annual financial results in February that exceeded expectations. The company reported revenues of US$180.5…
Stornoway lands $944M financing for Renard
Stornoway Diamond (TSX: SWY) announced in April that it had lined up a $944-million financing to build its Renard diamond mine in north-central Quebec. The binding agreement with several different…
The state of global rough diamond supply in 2014
Global production of rough diamonds in 2014 is expected to reach roughly 135 million carats valued at US$17.8 billion, an increase of 3% over last year. The world’s 50 largest…
Gahcho Kué takes shape
If you ask Patrick Evans, chief executive of Mountain Province Diamonds (TSX:MPV; NYSE: MDM), what surprised him most about the results of an updated feasibility study released in April for…
Diamonds shining once again
In our last issue, I asked whether there had been a shift in sentiment toward the diamond sector, which survived 2013 in much better shape than the rest of the…
Editorial: Diamonds a lodestar in Canadian mining firmament
While much of the global mining industry has been limping along under sagging commodities prices and looming oversupply, one of the brightest spots has been the Canadian diamond-mining industry, which has weathered its wild, rocky youth and…