Canadian diamond miner pauses discretionary spending amid challenging market conditions

  • 📰 MiningWeeklyAUS
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Canadian diamond miner Mountain Province has paused all discretionary spending to focus on cash generation and repaying debt, president and CEO Mark Wall said on Friday. In its third-quarter results announcement, he said diamond markets faced “very challenging” conditions, adding that the company withheld some of the sales during the third quarter to defend its prices in the rough market.

Articles can be saved for quick future reference. This is a subscriber benefit. If you are already a subscriber, please log in to save this article. If you are not a subscriber, click on the View Subscription Options button to subscribe.

Please enter the email address that you used to subscribe on Engineering News. Your password will be sent to this address.Note: When you select a default region you will be directed to the MiningWeekly.com home page of your choice whenever you visit miningweekly.com. This setting is controlled by cookies and should your cookies be re-set you will then be directed to the regional edition associated with the geographic location of our IP address.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 233. in AU

Australia Australia Latest News, Australia Australia Headlines