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Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s):  MPVDF

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.


TSX:MPVD - Post by User

Comment by tinytoton Aug 09, 2018 1:02pm
122 Views
Post# 28434429

RE:RE:RE:Share price

RE:RE:RE:Share price I'm guessin' that the market is responding to this line:


Three months ended  Three months ended  Six months ended  Six months ended

June 30, 2018             June 30, 2017              June 30, 2018             June 30, 2017

 

Average diamond sales price per carat US$

69                                      87                                    79                           80

 

Three months ended

Three months ended

Six months ended

Six months ended

June 30, 2018

June 30, 2017

June 30, 2018

June 30, 2017

GK operating data

Mining

*Ore tonnes mined 

 kilo tonnes 

341

940

1,082

1,551

*Waste tonnes mined

 kilo tonnes 

9,943

7,449

17,404

14,508

*Total tonnes mined

 kilo tonnes 

10,284

8,389

18,486

16,059

*Ore in stockpile

 kilo tonnes 

238

396

238

396

Processing

*Ore tonnes processed

 kilo tonnes 

899

767

1,684

1,259

*Average plant throughput

 tonnes per day 

9,879

8,618

9,304

6,840

*Average diamond recovery

 carats per tonne 

2.15

2.10

2.12

1.97

*Diamonds recovered 

 000's carats 

1,931

1,614

3,572

2,481

Approximate diamonds recovered - Mountain Province

000's carats

946

791

1,750

1,216

Cash costs of production per tonne, net of capitalized stripping **

$

82

75

80

63

Cash costs of production per tonne of ore, including capitalized stripping**

$

112

82

96

67

Cash costs of production per carat recovered, net of capitalized stripping**

$

38

36

38

32

Cash costs of production per carat recovered, including capitalized stripping**

$

52

39

45

34

Sales

Approximate diamonds sold - Mountain Province***

000's carats

1,114

469

1,641

885

Average diamond sales price per carat

US

$

69

$

87

$

79

$

80

* at 100% interest in the GK Mine including ramp-up period in 2017

**See Non-IFRS Measures section

***Includes the sales directly to De Beers for fancies and specials acquired by De Beers through the production split bidding process

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