Mountain Province sales 603K Cts in 1Q
Realised an average price of US$71 per carat Jewellery Market Bureau: Mountain Province Diamonds announces financial results for the first quarter (1Q) 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. By highlights for First Quarter 2021, Mountain Province said, 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). Adjusted EBITDA1 of $19.1 million, earnings from mine operations recorded of $13.7 million. Focussing on operational highlights for 1Q 2021 Mountain Province informs that unplanned 22-day operational stand-down in February due to measures taken to limit the spread of Covid-19 at Gahcho Kué. 1,392,128 carats recovered, 16% lower than the comparable Q1 2020 had recorded of 1,655,121 carats. Average grade of 2.23 carat...