Mountain Province Diamonds announces fourth quarter and full year 2019 production and sale results and provides Q4 conference call details

23 January 2020

Mountain Province Diamonds Inc. today announces production and sales results for the fourth quarter ended December 31, 2019 ("the Quarter" or "Q4 2019") from the Gahcho Kué Diamond Mine ("GK Mine"). The Company also releases the details for its Q4 2019 earnings conference call and webcast. All figures are expressed in Canadian dollars unless otherwise noted. 
Q4 and FY 2019 Highlights
(all figures reported on a 100% basis unless otherwise stated)
•11,089,408 total tonnes mined during the quarter, a 2% decrease on comparable period (Q4 2018: 11,365,990).  43,224,827 total tonnes mined during FY 2019, a 4% increase from comparable period (FY 2018: 41,444,057). 
•890,886 ore tonnes mined during the quarter, a 33% increase on comparable period (Q4 2018: 670,707).  3,247,324 ore tonnes mined during FY 2019, a 12% increase from comparable period (FY 2018: 2,908,184). 
•936,903 ore tonnes treated during the quarter, a 25% increase on comparable period (Q4 2018: 751,448).  3,580,551 ore tonnes treated during FY 2019, a 12% increase from comparable period (FY 2018: 3,194,360). 
•1,977,438 carats recovered during the quarter at an average grade of 2.11 carats per tonne, 28% higher than comparable quarter (Q4 2018: 1,545,786 carats at 2.06). 6,820,631 carats recovered during FY 2019 at an average grade of 1.90 carats per tonne, 2% slightly lower than comparable period (FY 2018: 6,936,894).