Diavik production to grow in 2012

Harry Winston Diamond Corp said on Tuesday the Diavik mine in Canada’s Northwest Territories produced 6.7-million carats during 2011, about 3% less than the 6.9-million carats it had forecast, as a result of lower-than-expected amounts of...

Diavik Q3 gem production up 8%

Harry Winston Diamond Corp, which owns 40% of Canada’s Diavik mine, said on Thursday the operation produced 1.9-million carats in the third quarter – an 8% increase from the same period last year, owing to increased volumes and higher grades....

Kinross gets preapproval for increased stake in Kupol mine

Russia has given preapproval for Kinross Gold to increase its ownership in the Kupol gold mine, in the Russian Federation's Far East Region, to 100%, the Toronto-based firm said on Friday. Kinross' local subsidiary applied for and received the...

Kinross sale removes overhang - Harry Winston CEO

Harry Winston Diamond Corp, the miner and luxury goods retailer, will likely either buy another company, restart dividend payments, or embark on a share buy back programme in a year’s time, chairperson and CEO Robert Gannicott said on Thursday....

Kinross sells remaining stake in Harry Winston

Kinross Gold has sold the 8,5% stake it held in Harry Winston Diamond Corp for C$100-million, the gold-miner said on Wednesday. The around 7,1-million shares were sold on an underwritten block trade basis.

Harry Winston posts Q3 profit

Harry Winston Diamond Corp earned $3,9-million in the three months ended October 31, compared with a $200 000 net loss posted a year earlier, the firm said on Thursday afternoon. The group said that consolidated revenue rose 88% year-on-year, to...

Harry Winston posts Q2 profit, rough prices up 62%

Toronto-based Harry Winston Diamond Corp earned $16,5-million in the three months ended July 31 – the company's second quarter – compared with a $24,5-million net loss a year earlier. The company reported higher prices and sales volumes for...

Harry Winston lost $8,7-million in Q1

Harry Winston Diamond Corp recorded a consolidated first quarter net loss of $8,7-million, compared with a $45,1-million loss a year earlier, the firm reported on Wednesday. The figure included an $11,8-million foreign exchange loss, mainly on...

Canadian diamond bourse draws Chinese interest

The new Diamond Bourse of Canada (DBC), which began operations in earnest this month, is seeing interest already from fast-growing diamond market China. Trading of diamonds between DBC members is now taking place, and an initial tender of...

Diavik launches underground mine

Underground production is now under way at the Diavik diamond mine, in Canada's icy Northwest Territories, operator Rio Tinto announced this week. The development is a key milestone for Diavik, which will transition to become a solely underground...

De Beers cancels Snap Lake winter shutdown on rosier outlook

Diamond giant De Beers has cancelled a planned four-week December shutdown at its Snap Lake underground mine, in Canada, because of improving market conditions, the company said on Tuesday. "This is a good news decision in response to some...

Diavik winter shutdown officially cancelled

The Diavik diamond mine, in Canada's Northwest Territories, will not shut down this winter as earlier planned, Harry Winston Diamond Corp confirmed on Wednesday. Harry Winston, with Kinross Gold, owns 40% of the mine and diversified miner Rio...