Gahcho Kue Diamond Mine

Mountain Province Diamonds Announces Third Quarter and Nine Months Ended September 30, 2023 Results

Retrieved on: 
Thursday, November 9, 2023

TORONTO, Nov. 9, 2023 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) announces its financial and operating results for the third quarter ("Q3 2023") and nine months ended September 30, 2023.

Key Points: 
  • TORONTO, Nov. 9, 2023 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) announces its financial and operating results for the third quarter ("Q3 2023") and nine months ended September 30, 2023.
  • 2,395,000 tonnes of ore treated in the nine months ended September 30, 2023; compared to the 2,274,000 tonnes treated for the nine months ended September 30, 2022.
  • Adjusted EBITDA2 of $123.3 million for the nine months ended September 30, 2023, compared to $153.8 million for the nine months ended September 30, 2022.
  • Earnings from mine operations for the nine months ended September 30, 2023 of $76.8 million (for the nine months ended September 30, 2022: $138.9 million).

Mountain Province Diamonds Announces Third Quarter and Nine Months Ended September 30, 2023 Results

Retrieved on: 
Thursday, November 9, 2023

TORONTO, Nov. 9, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) announces its financial and operating results for the third quarter ("Q3 2023") and nine months ended September 30, 2023. All figures are expressed in Canadian dollars unless otherwise noted.

Key Points: 
  • TORONTO, Nov. 9, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) announces its financial and operating results for the third quarter ("Q3 2023") and nine months ended September 30, 2023.
  • 2,395,000 tonnes of ore treated in the nine months ended September 30, 2023; compared to the 2,274,000 tonnes treated for the nine months ended September 30, 2022.
  • Adjusted EBITDA2 of $123.3 million for the nine months ended September 30, 2023, compared to $153.8 million for the nine months ended September 30, 2022.
  • Earnings from mine operations for the nine months ended September 30, 2023 of $76.8 million (for the nine months ended September 30, 2022: $138.9 million).

Mountain Province Diamonds Announces Second Quarter 2023 Operating and Sales Results

Retrieved on: 
Monday, July 17, 2023

Given this ore release deferral, it is appropriate to revise the ore mined guidance for the 2023 operating year.

Key Points: 
  • Given this ore release deferral, it is appropriate to revise the ore mined guidance for the 2023 operating year.
  • For the full year 2023 Company expects:
    The reduction in volume sold in Q2 2023 relative to Q2 2022 was due to the acceleration of sales into Q1 2023, where three sales were held versus the historical norm of two.
  • "Q2 2023 saw quarter-on-quarter operational improvements across most operating metrics at site.
  • On the rough diamond market, we were glad to see our sales performance stay resilient amongst some broader market turbulence."

Mountain Province Diamonds Announces Second Quarter 2023 Operating and Sales Results

Retrieved on: 
Monday, July 17, 2023

TORONTO, July 17, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX:MPVD) (OTC: MPVD) today announces operating and sales results for the second quarter ended June 30, 2023 ("the Quarter" or "Q2 2023") from the Gahcho Kué Diamond Mine ("GK Mine"). All figures are expressed in Canadian dollars unless otherwise noted.

Key Points: 
  • Given this ore release deferral, it is appropriate to revise the ore mined guidance for the 2023 operating year.
  • For the full year 2023 Company expects:
    The reduction in volume sold in Q2 2023 relative to Q2 2022 was due to the acceleration of sales into Q1 2023, where three sales were held versus the historical norm of two.
  • "Q2 2023 saw quarter-on-quarter operational improvements across most operating metrics at site.
  • On the rough diamond market, we were glad to see our sales performance stay resilient amongst some broader market turbulence."

Mountain Province Diamonds Announces First Quarter Financial Results for 2023

Retrieved on: 
Wednesday, May 10, 2023

TORONTO, May 9, 2023 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces financial results for the first quarter ended March 31, 2023 ("the Quarter" or "Q1 2023") from the Gahcho Kué Diamond Mine ("GK Mine").

Key Points: 
  • TORONTO, May 9, 2023 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces financial results for the first quarter ended March 31, 2023 ("the Quarter" or "Q1 2023") from the Gahcho Kué Diamond Mine ("GK Mine").
  • Repaid US$12.0 million of second lien bond debt principal on April 4th 2023.
  • Net of Capitalized stripping, cost per carat recovered was $58/carat in Q1 2023 vs $56 in Q1 2022.
  • The following table summarizes key operating statistics for the Gahcho Kué Mine in the three months ended March 31, 2023 and 2022.

Mountain Province Diamonds Announces First Quarter Financial Results for 2023

Retrieved on: 
Wednesday, May 10, 2023

TORONTO, May 10, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces financial results for the first quarter ended March 31, 2023 ("the Quarter" or "Q1 2023") from the Gahcho Kué Diamond Mine ("GK Mine"). All figures are expressed in Canadian dollars unless otherwise noted.

Key Points: 
  • TORONTO, May 10, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces financial results for the first quarter ended March 31, 2023 ("the Quarter" or "Q1 2023") from the Gahcho Kué Diamond Mine ("GK Mine").
  • Repaid US$12.0 million of second lien bond debt principal on April 4th 2023.
  • Net of Capitalized stripping, cost per carat recovered was $58/carat in Q1 2023 vs $56 in Q1 2022.
  • The following table summarizes key operating statistics for the Gahcho Kué Mine in the three months ended March 31, 2023 and 2022.

Mountain Province Diamonds Announces Full Year and Fourth Quarter 2022 Results

Retrieved on: 
Thursday, March 23, 2023

The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.

Key Points: 
  • The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.
  • See the Non-IFRS Measures section of the Company's December 31, 2022 MD&A for explanation and reconciliation.
  • The 2024 production outlook is as follows:
    Mountain Province Diamonds President and CEO Mark Wall commented:
    "2022 was a transitional year for the company.
  • A delineation drilling program was subsequently launched with initial results reported last year (see news release, July 18, 2022).

Mountain Province Diamonds Announces Full Year and Fourth Quarter 2022 Results

Retrieved on: 
Thursday, March 23, 2023

TORONTO and NEW YORK, March 23, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX: MPVD) (OTCQX: MPVD) today announces its financial and operating results for the fourth quarter ("the Quarter" or "Q4 2022") and the full year ended December 31, 2022 ("FY 2022").

Key Points: 
  • The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.
  • See the Non-IFRS Measures section of the Company's December 31, 2022 MD&A for explanation and reconciliation.
  • The 2024 production outlook is as follows:
    Mountain Province Diamonds President and CEO Mark Wall commented:
    "2022 was a transitional year for the company.
  • A delineation drilling program was subsequently launched with initial results reported last year (see news release, July 18, 2022).

Mountain Province Diamonds Announces Fourth Quarter 2022 Production and Sales Results, and Guidance for 2023

Retrieved on: 
Thursday, January 19, 2023

TORONTO and NEW YORK, Jan. 19, 2023 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces production and sales results for the fourth quarter ended December 31, 2022 ("the Quarter" or "Q4 2022") from the Gahcho Kué Diamond Mine ("GK Mine").

Key Points: 
  • TORONTO and NEW YORK, Jan. 19, 2023 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces production and sales results for the fourth quarter ended December 31, 2022 ("the Quarter" or "Q4 2022") from the Gahcho Kué Diamond Mine ("GK Mine").
  • Full year 2022 production of 5.52 million carats against guidance of 5.60 - 5.80 million carats.
  • Ore mined on a full year 2022 basis was 4.1 million tonnes against guidance of 3.75 – 4.30 million tonnes.
  • Ore processed on a full year 2022 basis was 3.1 million tonnes against guidance of 3.0 – 3.2 million tonnes.

Mountain Province Diamonds Announces Fourth Quarter 2022 Production and Sales Results, and Guidance for 2023

Retrieved on: 
Thursday, January 19, 2023

TORONTO and NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces production and sales results for the fourth quarter ended December 31, 2022 ("the Quarter" or "Q4 2022") from the Gahcho Kué Diamond Mine ("GK Mine"). All figures are expressed in Canadian dollars unless otherwise noted.

Key Points: 
  • TORONTO and NEW YORK, Jan. 19, 2023 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) today announces production and sales results for the fourth quarter ended December 31, 2022 ("the Quarter" or "Q4 2022") from the Gahcho Kué Diamond Mine ("GK Mine").
  • Full year 2022 production of 5.52 million carats against guidance of 5.60 - 5.80 million carats.
  • Ore mined on a full year 2022 basis was 4.1 million tonnes against guidance of 3.75 – 4.30 million tonnes.
  • Ore processed on a full year 2022 basis was 3.1 million tonnes against guidance of 3.0 – 3.2 million tonnes.