Diamond miner Mountain Province has reported strong third-quarter sales, generating C$93.9-million from the sale of 1.03-million carats, achieving an average value of C$91/ct.
This brought the year-to-date sales to 2.35-million carats, for total proceeds of C$212.5-million.
The strong result has allowed the company to repay its short-term debt facility earlier than originally planned.
“We are extremely pleased to see the strong price increases achieved at sales in the first half of 2021 continue into the third quarter. We expect the rough and polished markets to maintain momentum into the important holiday buying season, which should benefit our two remaining sales for the year,” said CEO Stuart Brown.
Mountain Province is a 49% participant with De Beers Canada in the Gahcho Kue diamond mine, in Canada’s Northwest Territories.