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Mountain Province in deeper rough over dividend

Canadian diamond miner Mountain Province Diamonds (TSX:MPVD) has hit a new 12-month share price low after it dropped its third-quarter dividend citing difficult trading conditions at the lower-quality end of the diamond market.

Mountain Province in deeper rough over dividend Mountain Province in deeper rough over dividend Mountain Province in deeper rough over dividend Mountain Province in deeper rough over dividend Mountain Province in deeper rough over dividend

Operations at Gahcho Kué in Canada's NWT

After paying its shareholders a maiden dividend of 4c a share at the end of the June quarter, the company said it had chosen to focus on debt reduction for now.