Gahcho Kué recovers diamond 17% more YoY
Sold 3,252,491 carats at An average value of $USD 74 Mountain Province Diamonds announces production and sales results for the fourth quarter ended December 31, Q4 2018 and full year from the Gahcho Kué Diamond Mine (GK Mine). According to the highlights, in Q4 2018, 1,545,786 carats were recovered at an average grade of 2.06 carats per tonne. During the full year 2018, 6,936,894 carats at an average grade of 2.17 carats per tonne, 17% higher than total carats recovered in 2017. In Q4 2018, the Company sold 822,548 carats at an average value of $USD 65 per carat for total proceeds of $USD 53.6 million. For the full year 2018, the Company sold 3,252,491 carats at an average value of $USD 74 per carat for total proceeds of $USD 240 million. Diamond sales were in line with our expectations and reflect current market conditions. Prices for the better quality larger goods, where the majority of our value lies, remained strong throughout the year, however, during the latt...