Mountain Province Diamonds Announces Full Year and Fourth Quarter 2023 Results
TORONTO, April 2, 2024 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province Diamonds", or the "Company") (TSX: MPVD) (OTC: MPVD) today announces its financial and operating results for the fourth quarter ("the Quarter" or "Q4 2023") and the full year ended December 31, 2023 ("FY 2023").
- The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.
- Mountain Province Diamonds President and CEO Mark Wall commented:
"Coming from record 2022 where multiple Company financial records were broken, 2023 saw reduced revenues primarily due to a softening market. - Initial stages of a recent G7 sanction banning imports of Russian-origin rough diamonds have increased efforts through the diamond pipeline to track and promote diamond's origin tracing.
- The following table summarizes the key operating statistics for Q4 2023 and FY 2023, and the previous year, at the Gahcho Kué Mine.