Author: Abidemi Fadekemi

Canadian Gold Corp. has announced a change in its executive leadership with the appointment of Mr. Michael Swistun as the new President and Chief Executive Officer, succeeding Mr. Ed Huebert. Swistun’s appointment will take effect following Mr. Huebert’s resignation, who will remain as a consultant, especially in areas of environmental compliance, permitting processes, and governmental relations.“We are excited to have Michael Swistun join Canadian Gold. This represents a very exciting period for the Company and the industry as a whole, with gold prices soaring to new highs,” stated Peter Shippen, Executive Chair, Canadian Gold Corp. “Michael joining and Ed continuing in…

Winsome Resources is set to acquire the Renard diamond mine in Quebec, marking an important move from diamond mining to lithium extraction. This development follows the bankruptcy filing of Stornoway, the previous owner of Renard, which had been the sole operator of the mine. The acquisition signifies a notable shift in resource extraction focus, with implications for both the local economy and the broader lithium and diamond markets.“Winsome’s intention is not to continue mining diamonds at Renard, which was already deemed uneconomic by Stornoway,” a spokesperson shared in a media publication.“Rather, it plans to repurpose the site and existing processing…

Mountain Province Diamonds, a prominent miner with operations at the Gahcho Kué mine in Canada, has experienced a significant downturn in 2023, contrasting sharply with its previous year’s achievements. The company reported a considerable net loss of CAD 43.7 million ($32.2 million) for the full year, a stark reversal from a profit of CAD 49.2 million ($36.3 million) in the preceding year.This downturn was driven by a 16% decline in sales to CAD 328.6 million ($243.8 million) and a 17% drop in the average price per carat to CAD 121 ($90), highlighting the challenges faced by the diamond industry, including Mountain…

Lucara Diamond Corp. has announced the appointment of William Lamb as the new President and Chief Executive Officer, succeeding Eira Thomas. Lamb is no stranger to Lucara, having served as its CEO from May 2011 to February 2018. His significant experience in mining project development and operations, especially his previous tenure at Lucara and expertise gained at De Beers, positions him well to steer the company’s key projects amidst the current challenges.During his previous stint as CEO, Lamb was instrumental in the successful construction of the original Karowe mine and its facilities. Thomas’s LegacyEira Thomas, who co-founded Lucara in 2007,…

The upcoming Canadian Gemmological Association (CGA) Conference, scheduled for October 20 to 22 at the Fairmont Hotel in Vancouver, is set to feature a keynote address by esteemed industry veteran Edward Asscher. The dialogue will revolve around the present-day challenges and prospects within the jewellery sector.Edward Asscher’s Legacy: Edward, with a rich heritage in the diamond industry as the former president of the World Diamond Council and the International Diamond Manufacturers Association, brings to the table a wealth of knowledge and experience. His family business, the Royal Asscher Diamond Company, is celebrated for its contributions to the trade, including the…