Mountain Province Diamonds announces fourth quarter and full year 2018 production and sale results

15 January 2019

Mountain Province Diamonds Inc. today announces production and sales results for the fourth quarter ended December 31, 2018 ("Q4 2018") and full year 2018 ("FY 2018") from the Gahcho Kué Diamond Mine. 
Q4 and Full Year 2018 Production Highlights
(all figures reported on a 100% basis unless otherwise stated)

• 751,448 tonnes treated during the fourth quarter, 8% higher than the same quarter last year. For the full year 2018, the plant treated 3,194,360 tonnes,15% higher than in FY 2017.
• In Q4 2018,1,545,786 carats were recovered at an average grade of 2.06 carats per tonne. Full year 2018, 6,936,894 carats at an average grade of 2.17 carats per tonne, 17% higher than total carats recovered in 2017.
• In Q4 2018, the Company sold 822,548 carats at an average value of $USD 65 per carat ($CAD 86 per carat) for total proceeds of $USD 53.6 million ($CAD 70.5 million). For the full year 2018, the Company sold 3,252,491 carats at an average value of $USD 74 per carat ($CAD 96 per carat) for total proceeds of $USD 240 million ($CAD 311 million).

View Details