Mountain Province's Gahcho Kué Diamond Mine 62 percent Complete
TORONTO and NEW YORK, July 7, 2015 - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NASDAQ: MDM) is pleased to announce that development of the Gahcho Kué diamond mine is progressing according to plan and budget with the overall project approximately 62 percent complete at the end of May, 2015. Key areas of focus are continued dewatering to expose the kimberlites, the placement of concrete foundations and the erection of steel superstructures of the major facilities. A key milestone is to ensure that the process plant building is enclosed by October 2015.
Patrick Evans, Mountain Province President and CEO, commented: "We're on track for first production in H2 2016 and are currently making arrangements to be in a position to receive and sell our 49 percent share of diamond production. These arrangements are expected to be in place by the end of 2015."
- Published: 07 July 2015
- Written by Editor