Expect stable rough price in 1H 2019!
Diamond sales tumbles, Mountain Province hope on US holiday season! Mountain Province Diamonds Inc announces its financial and operating results for Q3 2018 & says earnings from mine operations for the three and nine months ended September 30, 2018 amounted to $25.2 million and $68.3 million respectively. For the nine months ended September 30, 2018, approximately 2443K tonnes of ore treated and 5391K carats recovered, on a 100% basis, for an average recovered grade of 2.21 carats per tonne, ahead of expectations. The recovered grade for Q3 2018 was also very high at 2.40 cpt. The Company’s 49% attributable share of diamond production for the three and nine months ended September 30, 2018 was approximately 891,000 carats and 2,642,000 carats respectively. Stuart Brown, the Company’s President and CEO, commented, “The performance of the Gahcho Kué Mine was as expected for the quarter; we remain on track to achieve or exceed all production targets for ...