Gemfields revenue drops 32% after ‘difficult’ year
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) said 2025 revenue fell 32% to $135.1 million as operational disruptions and weak demand for rubies and emeralds weighed on performance….
Diamond
Rio exits Diavik as Canada’s diamond boom flickers
Rio Tinto (ASX, LSE, NYSE: RIO) said it’s produced its final diamonds from the Diavik mine in Canada’s Northwest Territories, bringing to a close one of the country’s most significant mining…
Atco backs Nunavut road project with $10M investment
Utilities and infrastructure company Atco (TSX: ACO.X) is investing $10 million (US$7.2 million) for a 40% stake in Inuit-backed West Kitikmeot Resources (WKR), which is developing a project that would…
Gemfields flags 2025 loss amid delays, weak prices
Coloured precious stones miner Gemfields (LSE: GEM; JSE: GML) warned on Tuesday it expects to post a loss for its 2025 financial year as weaker gemstone prices, project delays and…
Lucara finds rare blue diamond in Botswana
Canada’s Lucara Diamond (TSX: LUC) has recovered a high-quality 36.92-carat blue diamond from stockpiled ore at its Karowe mine in Botswana. The Type IIb stone was recovered using X-ray transmission…
Nevada tops Fraser survey as Ontario, Saskatchewan rise
Nevada has dislodged Finland as the best jurisdiction for mining investment globally while two Canadian provinces – Ontario and Saskatchewan – have climbed into the top three, a new survey…
Botswana Diamonds rebrands, targeting copper
Botswana Diamonds (LON: BOD) will rebrand as Botswana Minerals and trade under the new ticker BMIN starting Friday as it expands into copper exploration to cut exposure to a prolonged downturn…
Roundup Video: NWT targets 2027 Mineral Resources Act launch
Canada’s Northwest Territories is aiming to finalize regulations for its Mineral Resources Act by mid-2027, a step needed to bring the 2019 law into force and replace parts of the…
Anglo posts $3.7B loss on fresh De Beers writedown
Impairment reduces De Beers’ value, bringing total writedowns for the diamond unit to $6.8 billion in 2025.
Anglo flags third De Beers writedown
Anglo American (LSE: AAL) is weighing a third writedown of De Beers in as many years as weak diamond prices persist and the miner advances asset sales ahead of its…
Gemfields auction revenue drops 34%
Gemfields (LSE: GEM; JSE: GML) said its annual auction revenue fell 34% to $129 million in 2025, underscoring a sharp slowdown in the coloured gemstone market that mirrors conditions in…
Petra’s 42-ct blue diamond sparks hope for miners
Africa-focused Petra Diamonds (LSE: PDL) has unearthed an ultra-rare blue diamond weighing just under 42 carats at its Cullinan Mine in South Africa, a discovery that could sell for as…