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...

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