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).
Published: 09 May 2019
Written by Editor
TSX   Nasdaq   Financial Results  
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Lucara Recovers Record 1,758 Carat Diamond from Karowe

VANCOUVER, April 25, 2019 - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)  - Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of a 1,758 carat diamond (pictures attached) from its 100% owned Karowe Diamond Mine located in Botswana.  One of the largest diamonds in recorded history, the largest diamond recovered in Botswana, and the largest diamond to be mined at Karowe to date, the unbroken 1,758 carat stone was recovered through Lucara's state of the art XRT circuit, commissioned in April 2015. Weighing close to 352 grams and measuring 83mm x 62mm x 46mm, the diamond has been characterized as near gem of variable quality, including domains of high-quality white gem. Further detailed analysis is ongoing.

Published: 29 April 2019
Written by Editor
Project Update  
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Mountain Province Diamonds Announces Inclusion of 60 Carat Fancy Vivid Yellow Rough Diamond in its February Sale

TORONTO and NEW YORK, Jan. 31, 2019  - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces that it will include in it its upcoming, February rough diamond sale, an exceptional quality, 60.59-carat, fancy vivid yellow rough diamond. The diamond was recovered at the Company's Gahcho Kué Mine in October 2018.
 
Reid Mackie, the Company's Vice President Diamond Marketing commented "the discovery of this diamond demonstrates our ability to produce very large, high quality, fancy coloured diamonds. We are thrilled to be able to include it in our upcoming sale and present our customers with the opportunity to bid for this important piece of the mine's history".
 
Also included in the sale will be more than 50 other large, high quality white and fancy coloured rough diamonds. Viewings will take place between February 11th to 21st at the offices of Bonas-Couzyn in Antwerp, Belgium.
Published: 05 February 2019
Written by Editor
TSX   Nasdaq   Mining   Project Update  
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Lucara Recovers 240 Carat Top White Gem Diamond From Karowe

VANCOUVER, Jan. 28, 2019 - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of a 240 carat, top white gem diamond (image attached), from its 100% owned Karowe Diamond Mine located in Botswana. This diamond will be shown alongside the 127 carat, top white gem diamond reported earlier this year (News Release) together with other exceptional diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7, 2019. Since mining began at Karowe in July 2012, a total of 54 diamonds in excess of 200 carats have been recovered, including 12 diamonds larger than 300 carats in size. In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each.
Published: 28 January 2019
Written by Editor
TSX   Up on News   Project Update  
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Lucara Recovers 127 Carat Top White Gem Diamond From Karowe

VANCOUVER, Jan. 10, 2019 - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm) Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the recovery of a 127 carat, top white gem diamond, from its 100% owned Karowe Diamond mine located in Botswana (Picture attached).  Since mining began at Karowe in 2012, a total of 129 diamonds in excess of 100 carats have been recovered, 33 in 2018 alone.  That tally includes 12 diamonds larger than 300 carats in size, of which 5 were recovered in 2018.  In addition, Lucara has sold 180 diamonds in excess of $1 million each and ten diamonds have sold for in excess of $10 million each. View PDF version.
 
Eira Thomas, CEO commented: "The recovery of this latest, high value, top white 127 carat diamond attests to the remarkable nature of the Karowe orebody, which has consistently delivered large, high value diamonds throughout its history. 2018 was a banner year, having recovered a record number of Specials (diamonds >10.8 carats in size) and in 2019, mining will be largely focused on the high value south lobe, including contributions from the newly refined EMPKS unit which is now understood to be the source of both the historic 1109 carat Lesedi la Rona and the 813 carat Constellation, which sold for a record US$63.1 million. The Karowe Diamond mine currently boasts open pit reserves of 2.6 million carats extending out to 2026 and is in the process of completing a feasibility study that could expand mining underground to 2036 and beyond."  
Published: 14 January 2019
Written by Editor
Mining   Project Update   TSXV  
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