Nunavut diamond mine gets new management team

The restart marked exactly a century since the mine first went into production.

The Russian budget for 2025-2027 has set aside $1.55 billion for the purchase of precious metals and gems.

The company has signed an additional LOI with Export Development Canada worth $300 million.

The company can now move forward the construction and operation of the underground mine, which is expected to deliver 164,000 oz. of gold production annually.