Mountain Province Diamonds announces September 30, 2017 quarter end results

13 November 2017

Mountain Province Diamonds Inc. today announces the results for the quarter ended September 30, 2017. Highlghts included:

For the three months ended September 30, 2017, the Company reported a net income of CDN$27.7 million or $0.17 per share. Included in sales reported for the quarter are the results of two diamond tenders that were conducted.
Revenue recognized in the three months ended September 30, 2017 totaled $65,218,000. Revenue recognized in the nine months ended September 30, 2017 totaled $160,359,000 of which $67,493,000 was capitalized as pre-commercial production revenue and $92,866,000 is reported as sales in the statement of earnings. Revenue recognized year to date reflects an average realization of US$75 per carat.