Mountain Province Diamonds Inc. announced its financial and operating results for the full year ended December 31, 2022.
5, 519, 309 carats recovered during FY 2022 at an average grade of 1.782 carats per tonne, 12% lower than the comparable period (FY 2021: 6,229,042 at 2.02 carats per tonne).
During FY 2022, 2,657,000 carats were sold at an average value of $146 per carat (US$112 per carat) for total proceeds of $298.3 million (US$237 million) in comparison to 3,329,289 carats sold at an average value of $68 per carat (US$51 per carat) for total proceeds of $388.9 million (US$297.3 million) in FY 2021.
Net income of $49.2 million or $0.23 earnings per share (2021: net income $276.2 million or $1.31 earnings per share).
The 2024 production outlook is from 4.0 million to 4.4 million carats.
Alex Shishlo for Rough&Polished
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