Large Top Quality White Diamond Unearthed by Canada’s Mountain Province Diamonds

Large Top Quality White Diamond Unearthed by Canada’s Mountain Province Diamonds

Large Top Quality White Diamond Unearthed by Canada’s Mountain Province Diamonds

$MPVD

Mountain Province Diamonds (NASDAQ:MPVD) said last week it had found a 95-carat gem Diamond at its Gahcho Kué mine located in Canada’s Northwest Territories.

It’s the largest gem quality diamond and the 4th biggest recovered from Gahcho Kué since production began just under 2 years ago.

The white octahedron of “top clarity” is the largest gem quality diamond and 4th largest gem rock ever recovered from the mine, the company said.

Gahcho Kué, Canada’s newest diamond mine and the world’s largest in the last 14 years, is a joint venture between De Beers and Mountain Province Diamonds. It officially opened in September 2016, achieving commercial production last year.

The diamond was included in the fancies and specials parcel acquired by Mountain Province in the most recent Gahcho Kué production split.

It will be shown at the miner’s upcoming rough diamond tender with viewings to be held from 11-22 June in Antwerp, Belgium.

Symbol Last Trade Date Change Open High Low Volume
NASDAQ:MPVD 2.45 8 June 2018 -0.15 2.55 2.55 2.45 14,500
HeffX-LTN Analysis for MPVD: Overall Short Intermediate Long
Neutral (0.03) Neutral (0.10) Neutral (-0.15) Neutral (0.14)

Have a terrific week

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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