Mountain Province Diamonds Inc. announced its financial and operating results for the fourth quarter and the full year ended December 31, 2023.
1,572,696 carats recovered during the Q4 2023 at an average grade of 1.84 carats per tonne, 3% lower than the comparable quarter in 2022 (Q4 2022: 1,621,800 carats at 1.96 carats per tonne). 5,557,655 carats recovered during FY 2023 at an average grade of 1.71 carats per tonne, 1% higher than the comparable period (full year ended December 31, 2022: 5,519,309 at 1.78 carats per tonne).
In Q4 2023, 918,000 carats were sold at an average value of CAD 87 per carat ($64 per carat) for total proceeds of CAD 79.8 million ($58.9 million) in comparison to 758,000 carats sold at an average value of CAD 127 per carat ($94 per carat) for total proceeds of CAD 96.3 million ($71.3 million) in Q4 2022.
During FY 2023, 2,718,000 carats were sold at an average value of CAD 121 per carat ($90 per carat) for total proceeds of CAD 328.6 million ($243.8 million) in comparison to 2,657,000 carats sold at an average value of CAD 146 per carat ($112 per carat) for total proceeds of CAD 388.9 million ($297.3 million).
Alex Shishlo for Rough&Polished
