Mountain Province reported a loss in the third quarter despite record revenue, as the weak Canadian dollar dragged down its bottom line.The company had a net loss of CAD 7.2 million ($5.4 million) for the three months ending September 30, compared with a profit of CAD 8.8 million ($6.5 million).
Mountain Province achieved its highest quarterly revenue in the company’s history as demand for rough remained resilient. Revenue jumped 17% year on year to $83.3 million in the third quarter ending September 30, the miner reported last week. Sales volume from the company’s Gahcho Kué mine in.
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