Metals
Gold$4,455.86+3.08%|
Silver$66.73+4.06%|
Platinum$1,804.71+3.95%|
Palladium$1,369.42+4.71%|
Gold$4,455.86+3.08%|
Silver$66.73+4.06%|
Platinum$1,804.71+3.95%|
Palladium$1,369.42+4.71%|
Latest News
Dutch central bank moves 86 tonnes of gold from U.S., Canada to London|Goldman Sachs sees gold price at $4,900/oz by year-end, but investors hedging through gold derivatives could drive it even higher|Schroders turns bullish on gold as debt, inflation and currency risks outweigh elevated real yields|Arizona Gold and Silver new Director Yale Simpson sees major upside at Philadelphia Project|Gold price will approach $5,000/oz in 2026, $5,300/oz in 2027 on ‘uncertainty, de-dollarization, and debasement concern’ – RBC|Gold price hits CAD $6,087/oz after Bank of Canada holds rates, says ‘US tariffs and threats of further action pose risks’|Gold looks cheap as debt, inflation and uncertainty threaten fiat currencies - Matthew Jones|Power Metallic Mines: Why are Four Billionaires Backing this Junior Copper Story?|Coinbase launches GOLD-PERP and SILVER-PERP futures offering 24/7/365 metals trading and price discovery with 25x leverage|Arizona Gold & Silver Reports Multiple High-Grade Intercepts Including 3.35m of 15.07 gpt Gold and 19.6 gpt Silver – Expands High-Grade Philadelphia Zone|Dutch central bank moves 86 tonnes of gold from U.S., Canada to London|Goldman Sachs sees gold price at $4,900/oz by year-end, but investors hedging through gold derivatives could drive it even higher|Schroders turns bullish on gold as debt, inflation and currency risks outweigh elevated real yields|Arizona Gold and Silver new Director Yale Simpson sees major upside at Philadelphia Project|Gold price will approach $5,000/oz in 2026, $5,300/oz in 2027 on ‘uncertainty, de-dollarization, and debasement concern’ – RBC|Gold price hits CAD $6,087/oz after Bank of Canada holds rates, says ‘US tariffs and threats of further action pose risks’|Gold looks cheap as debt, inflation and uncertainty threaten fiat currencies - Matthew Jones|Power Metallic Mines: Why are Four Billionaires Backing this Junior Copper Story?|Coinbase launches GOLD-PERP and SILVER-PERP futures offering 24/7/365 metals trading and price discovery with 25x leverage|Arizona Gold & Silver Reports Multiple High-Grade Intercepts Including 3.35m of 15.07 gpt Gold and 19.6 gpt Silver – Expands High-Grade Philadelphia Zone|
Back to News
Latest News

Rio Tinto’s Diavik diamond mine reaches end of production after 23 years

Rio Tinto’s Diavik diamond mine reaches end of production after 23 years
26 March 20265 Mins read

Rio Tinto has marked the end of production at its Diavik diamond mine in Canada’s Northwest Territories, concluding more than two decades of operations that yielded over 150-million carats of rough diamonds.

Diavik, located about 220 km south of the Arctic Circle beneath Lac de Gras, was discovered in 1991 and began production in 2003.


The operation, comprising four kimberlite pipes, used both openpit and underground mining methods and produced predominantly white gem-quality diamonds, along with a smaller proportion of rare yellow stones.

Rio Tinto Iron and Titanium and Diamonds MD Sophie Bergeron said mining at Diavik displayed decades of innovation and perseverance.


“Forty years ago there were very few people who believed there were diamonds in Canada – even fewer could have foreseen how the Diavik story would unfold. To arrive at this milestone has required vision, courage and determination to overcome significant challenges to mine diamonds beneath a frozen lake in one of the world’s most remote and pristine ecosystems."

Diavik COO Matthew Breen described the closure as a significant moment for the region.

“This is an historic day for Diavik and the Northwest Territories and a great source of pride for this unique Canadian success story. Diavik has been an inspired collaboration between a modern mining company and Indigenous partners with an enduring legacy of socioeconomic benefits for the North.”

The end of production was marked by a ceremony attended by Indigenous government organisations, government representatives and other stakeholders.

Rio Tinto said closure planning for the mine had been in place since before production began, with rehabilitation activities set to continue until 2029, followed by a period of post-closure monitoring.

The company added that final production from Diavik will continue to be processed, polished and sold through 2026 and beyond via its global customer network. 

Our Trusted Brands

Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake
Arras Minerals
Afrikor
Arizona Gold & Silver
Astra Exploration
Aurion Resources
Bluenergies
Bactech
Digipower X
Gold Hunter Resources
Golkor
Guanajuato
Harfang
He Capital
Kodiak Copper
Leviathan
Loyalist
Mining Investment Event
Noble Plains
Pan Global
Power Metallic
SilverWolf
Spacekor
US Gold
USDC
Vivio Power
West Red Lake

News & Updates

Subscribe to Our Latest News & Updates