Wednesday December 11, 2019

Diamonds lose sparkle for both Desmond and Teeling

Dermot Desmond’s Mountain Province Diamonds announced that its revenues for the first nine months of the year were $159 million, down from $186 million the previous year

Barry J Whyte

Chief Feature Writer

@whytebarry
17th November, 2019
2
Dermot Desmond, key backer of Mountain Province Diamonds Pic: Shutterstock

Dermot Desmond’s Mountain Province Diamonds announced that its revenues for the first nine months of the year were $159 million, down from $186 million the previous year.

Its revenue for the third quarter fell more than a quarter compared with the same period in 2018, from $74.9 million to $54.8 million.

Stuart Brown, Mountain Province’s chief executive, has said that the company expected 2019 to be a difficult year for the company as it worked through lower-grade sections...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Mortgage gouging by banks does not serve society well

Matt Cooper | 3 weeks ago