About Mountain Province Diamonds
Mountain Province Diamonds and De Beers Canada are joint venture partners in the Gahcho Kué mine in Canada’s Northwest Territories. Gahcho Kué is the largest new diamond mine under development globally. Through its joint venture with De Beers, the Company is well placed to capitalize from the experience of the world's leading international diamond producer. The Gahcho Kué mine is located in Canada, the third largest and politically most stable diamond producing country. By the time the Gahcho Kué mine reaches full production, it is projected that diamond prices will have risen sharply as a result of a predicted US$5 billion diamond supply deficit. Mountain Province intends to maximize shareholder value through the optimal development and operation of the Gahcho Kué mine.
- Commence production - Q1 2016
- First diamond sale - Q4 2016
- Commercial production (80%) - Q1 2017
- Full production - mid 2017