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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

Post by Macloud1on Apr 24, 2018 8:04am
128 Views
Post# 27930644

1st quarter production results

1st quarter production results
Mountain Province Diamonds Inc
Symbol C : MPVD
Shares Issued 209,990,808
Close 2018-04-23 C$ 3.17
Recent Sedar Documents

 

Mtn Province's Gahcho recovers 1.64M cts diamonds in Q1

 

2018-04-24 06:44 ET - News Release

 

Mr. David Whittle reports

MOUNTAIN PROVINCE DIAMONDS ANNOUNCES FIRST QUARTER 2018 PRODUCTION RESULTS

Mountain Province Diamonds Inc. has released production results for the first quarter ended March 31, 2018, from the Gahcho Kue diamond mine.

Q1 Production Highlights

In the first quarter of 2018, the GK Mine plant recovered approximately 1,641,000 carats on a 100% basis for an average grade of approximately 2.09 carats per tonne, 89% and 18% higher than what was achieved during the same period last year respectively.

Pre-stripping of the Hearne pit continued on schedule during the quarter and the operations team anticipates mining first ore by the end of April.

The shovel and trucks included in the guided capital expenditures were delivered to site in the first quarter. Assembly and commissioning of the shovel is complete, and the completion of the truck fleet is expected by end of the second quarter.


Mountain Province Diamonds Inc
Symbol C : MPVD
Shares Issued 209,990,808
Close 2018-04-23 C$ 3.17
Recent Sedar Documents

 

Mtn Province's Gahcho recovers 1.64M cts diamonds in Q1

 

2018-04-24 06:44 ET - News Release

 

Mr. David Whittle reports

MOUNTAIN PROVINCE DIAMONDS ANNOUNCES FIRST QUARTER 2018 PRODUCTION RESULTS

Mountain Province Diamonds Inc. has released production results for the first quarter ended March 31, 2018, from the Gahcho Kue diamond mine.

Q1 Production Highlights

In the first quarter of 2018, the GK Mine plant recovered approximately 1,641,000 carats on a 100% basis for an average grade of approximately 2.09 carats per tonne, 89% and 18% higher than what was achieved during the same period last year respectively.

Pre-stripping of the Hearne pit continued on schedule during the quarter and the operations team anticipates mining first ore by the end of April.

The shovel and trucks included in the guided capital expenditures were delivered to site in the first quarter. Assembly and commissioning of the shovel is complete, and the completion of the truck fleet is expected by end of the second quarter.


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