Mountain Province Diamonds Announces First Quarter 2019 Results and Revises 2019 Guidance
TORONTO and NEW YORK, May 8, 2019 - Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX and NASDAQ: MPVD) today announces its financial and operating results for the quarter ended March 31, 2019 (or "Q1"). All figures are expressed in Canadian dollars unless otherwise noted.
The Company is also pleased to announce that as a result of plant enhancement modifications, it has increased its 2019 guidance from 3.1 – 3.2 million tonnes treated to 3.2 – 3.3 million tonnes.
Operational Highlights for First Quarter 2019
870,949 tonnes treated, an 11% increase on comparable quarter (Q1 2018: 786,000 tonnes).
1,584,552 carats recovered 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 (Q1 2018: 1,641,000 carats and 2.09 carats per tonne).
Read more: Mountain Province Diamonds ( MPVD )
Published: 09 May 2019
Written by Editor