Dermot Desmond’s billion-dollar diamond mine earned $43 million (Canadian dollars) for the first half of 2018.
However, despite diamond sales of $165.6 million in the first six months, the company ended the period with a loss of $6.3 million.
Mountain Province blamed currency fluctuations for the loss, saying that it had suffered “unrealised foreign exchange losses of [$18.1 million] on the translation of the company’s USD-denominated long-term debt”.
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