/PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) today announces the results of its second quarter.
TSX and OTCQX: MPVD Mountain Province Diamonds Inc. today announces the results of its second quarter diamond sales and the Company's upside share of profits from the Diamond Sales Agreement with Dunebridge dated June 11, 2020 . All figures are expressed in Canadian dollars unless otherwise noted The Company is pleased to report the completion of its sales for the quarter, with 718,549 carats sold for total proceeds .
Mountain Province Diamonds Announces First Quarter Financial Results and Guidance for 2021
TSX and OTCQX: MPVD Mountain Province Diamonds Inc. today announces financial results for the first quarter ended March 31, 2021 from the Gahcho Kué Diamond Mine . All figures are expressed in Canadian dollars unless otherwise noted. Additionally, the Company is providing production and cost guidance for 2021. Financial Highlights for First Quarter 2021 603,000 carats sold, with total proceeds of $54.2 million … TSX and OTCQX: MPVD
Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPVD) (OTCQX: MPVD) today announces financial results for the first quarter ended March 31, 2021 (“the Quarter” or “Q1 2021”) from the Gahcho Kué Diamond Mine (“GK Mine”). All figures are expressed in Canadian dollars unless otherwise noted.
Participant International Dial-In Number: (+1) 416-764-8668
A replay of the webcast and audio call will be available on the Company s website.
About the Company
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada s Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 106,202 hectares of highly prospective mineral claims and leases that surround the Gahcho Kué Joint Venture property that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites.
Mountain Province Diamonds Announces First Quarter Financial Results and Guidance for 2021
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TORONTO and NEW YORK, May 12, 2021 /PRNewswire/ - Mountain Province Diamonds Inc. ( Mountain Province , the Company ) (TSX: MPVD) (OTCQX: MPVD) today announces financial results for the first quarter ended March 31, 2021 ( the Quarter or Q1 2021 ) from the Gahcho Kué Diamond Mine ( GK Mine ). All figures are expressed in Canadian dollars unless otherwise noted.
Additionally, the Company is providing production and cost guidance for 2021.
Financial Highlights for First Quarter 2021 (production and unit cost figures for Q1 2021 were affected by the 22 day operational stand-down in February
)
603,000 carats sold, with total proceeds of $54.2 million (US$42.7 million) at an average realised value of $90 per carat (US$71).