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pause-at-nwt-diamond-mine-amid-weak-market-‘serious-news,’-industry-minister-says
Pause at NWT Diamond Mine Amid Weak Market ‘Serious News,’ Industry Minister Says

Pause at NWT Diamond Mine Amid Weak Market ‘Serious News,’ Industry Minister Says

Last updated: February 10, 2026 7:47 pm
By The Canadian Press
1 Min Read
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Pause at NWT Diamond Mine Amid Weak Market ‘Serious News,’ Industry Minister Says

An employee of De Beers Canada holds a 12.8 carrot diamond worth $1 million at the opening of their facility in Calgary on July 6, 2016. The Canadian Press/Jeff McIntosh

De Beers Canada and Mountain Province Diamonds have paused a project at the mine they jointly own in the Northwest Territories.

Mountain Province says the Tuzo Phase 3 project at the Gahcho Kué mine has demonstrated strong potential, but the partners have decided to take a measured approach to development because of current market conditions.

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