Canadian diamond miner issues new 2020 guidance

Canadian diamond miner Mountain Province Diamonds has provided a new guidance for 2020, as CEO Stuart Brown says that demand for rough diamonds are starting to show signs of interest.

The Toronto-headquartered company lowered the production forecast for Gahcho Kue, in Kennady Lake on the Canadian tundra on the edge of the Arctic Circle, by about 400 000 oz, while maintaining or slightly lowering its cost guidance for the full year.