Mountain Province Diamonds announces financial results for the third quarter ended September 30, 2024 from the Gahcho Kué Diamond Mine. Q3 2024 Key Takeaways 679,599 carats were sold for total proceeds of $69.4 million at an average price of $102 per carat. Adjusted EBITDA1 of $17.3 million. Loss from mine operations of $11.0 million. Net loss of $19.0 million or $0.09 basic and diluted loss per share. 1Cash costs of [...]
Mountain Province Diamonds announces production and sales results for the third quarter ended September 30, 2024 from the Gahcho Kué Diamond Mine. Q3 2024 Production Takeaways 1,187,912 carats recovered, 10% less than Quarter 3 2023 Average grade of 1.24 carats per tonne, 18% less than Q3 2023 923,814 ore tonnes mined, 4% more than Q3 2023 961,371 ore tonnes treated, 10% more than Q3 2023 Q3 2024 Production Figures 2024 [...]
Mountain Province Diamonds is pleased to announce the filing of its technical report for the Company's Gahcho Kué Mine entitled, "Gahcho Kué Mine NI 43-101 Technical Report", with an effective date of April 22, 2024. The 2024 Technical Report was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supports the disclosure made by the Company in its August 21, 2024 news [...]
Mountain Province Diamonds is pleased to announce today that it has completed an updated mineral reserve and mineral resource estimate and life of mine plan in respect of the Gahcho Kué Mine. The updated LOM is the result of engineering work done to steepen the pit walls, resulting in realization of further value at the Gahcho Kué mine. In accordance with National Instrument 43-101 - Standards of Disclosure For Mineral [...]
Mountain Province Diamonds announces financial results for the second quarter ended June 30, 2024 from the Gahcho Kué Diamond Mine. Q2 2024 Key Takeaways 557,361 carats were sold for total proceeds of $56.8 million at an average price of $102 per carat. Adjusted EBITDA1 of $24.0 million. Earnings from mine operations of $12.0 million. Net loss of $6.5 million or $0.03 basic and diluted loss per share. 1Cash costs of [...]
Mountain Province Diamonds announces production and sales results for the second quarter ended June 30, 2024 from the Gahcho Kué Diamond Mine. Q2 2024 Production Takeaways 1,318,680 carats recovered, 2% less than last year's comparable quarter Average grade of 1.37 carats per tonne, a 24% difference relative to Q2 2023 971,311 ore tonnes mined, a 63% increase relative to last year's comparable quarter 965,984 ore tonnes [...]
Mountain Province Diamonds is pleased to announce the results of voting by the shareholders for the election of the Board of Directors during the virtual 2024 Annual General Meeting of Shareholders held on June 27, 2024. A total of 96,350,833 common shares were voted at the Annual Meeting, representing approximately 45.54% of the outstanding common shares. Detailed results of the votes for the election of directors held [...]
Mountain Province Diamonds announces financial results for the first quarter ended March 31, 2024 from the Gahcho Kué Diamond Mine. Financial Highlights for First Quarter 2024 938,000 carats sold, with total proceeds of $89.4 million at an average realised value of $95 per carat. Adjusted EBITDA1 of $50.0 million. Earnings from mine operations of $30.4 million. Net income of $6.8 million or $0.03 basic and diluted [...]
Mountain Province Diamonds announces financial results for the first quarter ended March 31, 2024 from the Gahcho Kué Diamond Mine. Financial Highlights for First Quarter 2024 938,000 carats sold, with total proceeds of $89.4 million at an average realised value of $95 per carat. Adjusted EBITDA1 of $50.0 million. Earnings from mine operations of $30.4 million. Net income of $6.8 million or $0.03 basic and diluted [...]
Mountain Province Diamonds announces production and sales results for the first quarter ended March 31, 2024 from the Gahcho Kué Diamond Mine. Q1 Production Takeaways 1,264,887 carats recovered, 4% lower than last year's comparable quarter Average grade of 1.57 carats per tonne, a 9% decrease relative to Q1 2023 1,946,856 ore tonnes mined, a 355% increase relative to last year's comparable quarter 805,557 ore tonnes [...]
Mountain Province Diamonds Inc. today announces its financial and operating results for the fourth quarter and the full year ended December 31, 2023. FY 2023 Highlights 43% improvement in key site safety KPI in 2023 vs 2022. Adjusted EBITDA1 of $165.0 million, down 8% relative to 2022. Total sales revenue at $328.6 million compared to $388.9 million in 2022 2022: $146 per carat. Repaid US$18 million in Senior Secured [...]
Mountain Province Diamonds Inc. announces revised details for its fourth quarter and full-year 2023 earnings release and conference call. The delay in the issuance of fourth quarter and year-end 2023 results is due to the financial audit process not being completed by the planned date. Revised Earnings Release and Conference Call Details Prior to the conference call, the Company will release Q4 and full-year 2023 [...]