Rescued Ekati to Produce 4m carats in 2021

By John Jeffay / June 14, 2021 / www.idexonline.com / Article Link

(IDEX Online) - New owners of the troubled Ekati mine, in Canada, predict a 4m carat output this year, after rescuing it from Dominion Diamonds.A group of creditors took on $70m of outstanding debt and pledged $85m of working capital facility for the mine in Northwest Territories. The deal was signed in February.The newly-formed Arctic Canadian Diamond Company, owned by DDJ, Brigade and Western Asset, says it has just completed its first sale and we found the market to be "very strong", with high demand, and better than anticipated pricing.Ekati (pictured) resumed operations in January after a 10-month Covid-enforced closure. The current mine plan at Ekati, which opened in 1998, extends to 2028 and includes open pit mining and underground mining.

Recent News

Silver & Copper Supply Distortions Continue

December 08, 2025 / www.canadianminingreport.com

Gold stocks down in risk-on shift

December 08, 2025 / www.canadianminingreport.com

Gold stocks rocket on metal rebound and equities jump

December 01, 2025 / www.canadianminingreport.com

Silver supply shortage continues

December 01, 2025 / www.canadianminingreport.com

Several new entrants to TSXV large gold, including producer Asante

November 24, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok