Mountain Province Diamonds Inc. announced production and sales results for the first quarter ended March 31, 2022 from the Gahcho Kué Diamond Mine.
According to the company, 1,185,156 carats were recovered, 15% lower than last year's comparable quarter (Q1 2021: 1,392,128 carats). Average grade of 1.68 carats per tonne, a 25% decrease relative to Q1 2021 (2.23 carats per tonne).
During the quarter, 506,567 carats were sold for total proceeds of $84.7 million (US$66.7 million) resulting in an average value of $167 per carat (US$132 per carat). This is a 52% increase relative to the average value per carat in Q4 2021 of $110 per carat (US$86 per carat).
Alex Shishlo for Rough&Polished
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