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Mountain Province Diamonds Posts Lower Q3 Production YoY
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Mountain Province Diamonds Posts Lower Q3 Production YoY
Oct 18, 2024 3:45 AM

06:25 AM EDT, 10/18/2024 (MT Newswires) -- Mountain Province Diamonds ( MPVDF ) late on Thursday reported that it recovered around 1.2 million carats in the third quarter from the Gahcho Kue diamond mine, down from 1.3 million carats.

The company reported 923,814 ore tonnes mined, an increase from 887,695 ore tonnes mined.

Mountain Province sold 679,599 carats for total proceeds of $69.4 million, up from 478,653 carats sold for $60.2 million.

The company maintained its 2024 production guidance of 4.2 to 4.7 million carats recovered, with production expected to finish in the mid- to upper portion of the guidance range.

Mountain Province will release third-quarter financial results on Nov. 6, after market hours.

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