The Gahcho Kué project is the largest new diamond mine under development in the Western world, and has the potential to become one of Canada's major high grade and long-life diamond mines.

The Gahcho Kué diamond project is located on federal land in Canada's Northwest Territories and is held by the Gahcho Kué Joint Venture between Mountain Province Diamonds, De Beers Canada and Camphor Ventures under renewable 21 year leases. The project is on a 74,128 acre site located at Kennady Lake, approximately 300 kilometres northeast of Yellowknife and 90 kilometres east of De Beers' Snap Lake diamond mine.
Indicated Resources of Gahcho Kué diamond project are estimated at 50.5 million carats, Inferred Resources are 3 million carats. 
Potential production commencement at the Project to be 2012-2013. Potential production rate is 4 million carats per year over 15 years.