Mountain Province CEO steps down
Canadian diamond miner Mountain Province president and CEO Mark Wall has resigned from the company to pursue other opportunities but will remain in his role until December 19, to ensure a smooth transition.
The board has started a search for a new CEO, with chair Jonathan Comerford thanking Wall for his “substantial contribution” over the past four years, a period he described as “very challenging for both the company and the diamond industry”.
The announcement comes a day after Mountain Province delivered its third-quarter results, which showed a net loss of C$55.9-million and adjusted earnings before interest, taxes, depreciation and amortisation of negative C$4.3-million.
During the quarter, 409 081 ct were sold for C$29.2-million at an average price of C$71/ct.
The company said mining through the transitional phase of the high-grade 5034-NEX orebody at the Gahcho Kué mine, in Canada’s Northwest Territories, had started, with material from this zone now being processed.
A five-day maintenance shutdown was completed during the period, positioning the plant for improved performance in the fourth quarter and into 2026.
Wall said that the third quarter had been a “period of hard work” focused on safety and mine operations, noting that the site achieved its lowest total recordable injury frequency rate in its history, at 1.43 for the first nine months of 2025, dropping further to 1.29 after the quarter.
He added that carat grades were expected to significantly improve in the fourth quarter, as mining continues in the 5034-NEX orebody.
Mountain Province owns a 49% stake in the Gahcho Kué joint venture with De Beers Canada, which continues to produce and develop several kimberlite deposits in the region.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...
VISIT SHOWROOM
Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
