Pandemic, winter cold slows production at Mountain Province Diamonds
Diamond production dropped 31% in Q1 2021 compared to the same quarter a year ago, said Mountain Province Diamonds.
The company released its Q1 yesterday.
Carats recovered were 1,392,128, 16% lower than comparable quarter a year ago.
Cold and pandemic halted production at the company.
"Mining and processing performance in the quarter was negatively impacted by the previously disclosed unplanned 22-day operational stand-down in February due to measures taken to limit the spread of Covid-19 at Gahcho Kué," said Mountain Province.
"Additionally, the problematic restart of production during one of the coldest winter months contributed to a lower-than-expected equipment availability, which combined with manpower availability issues and a higher-than-average incidence of extreme weather events resulted in lower than expected production for the quarter."
Mountain Province Diamonds has a 49% share of Gahcho Kué diamond mine located in Canada's Northwest Territories. De Beers Canada is the other mine participant.