Results Diamond sales at Dermot Desmond’s Mountain Province rise to €39.8 million in Q2The firm turned in a better performance than in Q1, when sales were €66.5 million
Business Dermot Desmond’s diamond sales fall short of expectationsMountain Province had its highest ever first quarter revenue but sold fewer carats, according to the company’s chief executive
Companies Desmond’s diamond firm polished off last year with sales increase of €54m Canada’s Mountain Province Diamonds owns 49 per cent of the Gahcho Kué mine in north-west Canada, with the other 51 per cent owned by De Beers, the mining giant
Loan deal means Desmond can push diamond mine stake to 46%Tycoon Dermot Desmond, through one of his investment vehicles, has acquired warrants to buy up to 41 million shares in Mountain Province Diamonds in Canada
Dermot Desmond ups stake in Mountain Province as mine’s fortunes turn The financier has grown his share to 35.4 per cent and offered a $50m loan facility as diamond prices rise and the firm hits a new ‘high-water mark’ for sales
Desmond to invest €50m in Canadian diamond mine companyMountain Province says agreement on ‘balance sheet strengthening package to provide increased financial flexibility’ will be concluded early this year
Desmond-backed diamond firm breaks $1bn in gem salesMountain Province Diamonds reported last month that it had ‘turned a corner’ on its sales decline of 2020 due to the rising price of diamonds
Mountain Province ‘turns a corner’ as diamond prices soarA low share price and liquidity gap are still causing concerns for Dermot Desmond’s mining firm, its chief executive has told investors
Desmond’s diamond mining firm seeks new chief executive Stuart Brown stepped down with immediate effect last week in a ‘mutual’ decision, to the surprise of analysts
Desmond makes €7m profit from Canadian diamond salesIrish billionaire Dermot Desmond has been supporting Mountain Province Diamonds, his Canadian mining company, while the traditional diamond markets are closed due to Covid-19
Desmond loans diamond company another €33mMountain Province, the tycoon’s Canadian mining company, is in ‘serious financial difficulty’ due to Covid-19 interruptions