GJ Town India

Mountain Province recovers 1.5 mn carats of diamond According to the Mountain Province Q1 2019, they have recovered 1,584,552 carats at an average grade of 1.82 carats per tonne, slightly lower than the same period last year and mainly as a result of planned mine sequencing of lower grade ore tonnes mined and treated during the quarter and due to the previously announced plant modifications                   Revenue from 643,739 carats sold at $60.7 million (US$45.8 million) compared to $66.6 million from 527,000 carats sold in Q1 2018 (US$52.4 million) at an average realised value of $94 per carat (US$71) 2018: $126 per carat, (US$99). Q1 2019 mining results were in line with the Company's expectations with over 9.5 million tonnes of material mined, 16% higher than the same period last year. The plant treated 870,949 tonnes, or approximately 9,677 tonnes per day, 11% higher than the...

Guidelines to reach target of 3.3 to 3.45 million carats! Mountain Province Diamonds announces production and sales results for the first quarter ended March 31, 2019. Accordingly in Q1 2019 the Gahcho Kué Diamond Mine treated about 870,949 tonnes is an 11% increase YoY. During the Q1 Gahcho Kué recovered 1,584,552 carats remained lower than Q1 2018 of 1,641,000 carats. On the other hand Mountain Province, in Q1 2019, sold 643,739 carats at an average value of $USD 71 per carat ($CAD 94 per carat) for total proceeds of $USD 45.8 million ($CAD 60.7 million) in comparison to 527,000 carats sold at an average value of $USD 99 per carat ($CAD 126 per carat) for total proceeds of $USD 52 million ($CAD 66.6 million) in Q1. Reid Mackie, the Company's Vice President of Diamond Marketing, commented: “We had a strong start to 2019 with increased customer demand for our product and price increases observed across most rough diamond categories, particularly in the better qua...