GJ Town India

Recovers over 1.5mn cts diamonds during Q4 808,739 carats sold in Q4 at US$83 per carat  Mountain Province Diamonds announces production, sales and preliminary unaudited cost results for the fourth quarter and year ended December 31, 2021 and FY21 from the Gahcho Kué Diamond Mine. 1,511,253 carats recovered during Q4 at an average grade of 1.86 carats per tonne. Full year 2021 production of 6.23 million carats against guidance of 6.30 - 6.50 million carats. Preliminary unaudited mine level costs on a full year 2021 basis were $61 per carat against guidance of $58-$63 per carat and $123 per tonne treated against guidance of $125-$135 per tonne treated. Ore mined on a full year 2021 basis was 3.6 million tonnes against guidance of 3.3 – 3.5 million tonnes. Ore processed on a full year 2021 basis was 3.1 million tonnes against guidance of 3.15 – 3.3 million tonnes. Mark Wall, the Company's President and Chief Executive Officer, commented, “2021 was an excellent year for the Gahcho Kué

Sales diamonds over 210K Ct   Mountain Province Diamonds announces the results of its latest diamond sale and total proceeds from the sale were US$8.9 million from 210,661 carats at an average realized value of US$42 per carat, indicating a 1% discount to values achieved for similar diamonds at the February sale.   Despite COVID-19 restricting travel into Belgium, bidding was strong and consistent with those seen earlier in the year. The Company's next sale event is scheduled to close on October 31st, 2020.  Despite COVID-19 restricting travel into Belgium, bidding was strong and consistent with those seen earlier in the year. The Company's next sale event is scheduled to close on October 31st, 2020. Stuart Brown, the Company's President and CEO, commented, "We are pleased to have finally resumed our traditional sales channels as the markets around the globe continue to gradually open for business.  The results of the first small sale, post the COVID-19 Pandemic ar