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Mountain Province Diamonds Announces Results of First Diamond Sale of 2022, Provides Operational Update and 2022 Guidance
Mountain Province Diamonds Announces Results of First Diamond Sale of 2022, Provides Oper...
About this update from Mountain Province Diamonds Inc.
[{"type":"text","content":"\n \n \n \n Mountain Province Diamonds Announces Results of First Diamond Sale of 2022, Provides Operational Update and 2022 Guidance\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSX and OTCQX: MPVD\n \n \n \n \n TORONTO\n \n and\n \n NEW YORK\n \n ,\n \n Jan. 25, 2022\n \n /CNW/ - Mountain Province Diamonds Inc. (\"\n \n \n Mountain Province\n \n \n \" or the \"\n \n Company\n \n \") (TSX: MPVD) (OTCQX: MPVD) is pleased to announce the results of its latest diamond sale in\n \n Antwerp, Belgium\n \n , which closed on\n \n January 21, 2022\n \n . Additionally, the Company wishes to provide an operational update, and 2022 guidance.\n \n \n \n Results of First Sale of the Year\n \n \n \n During the Company's first sale of 2022, 181,851 carats were sold for total proceeds of\n \n $31.5 million\n \n (\n \n US$25.0 million\n \n ) resulting in an average value of\n \n $173\n \n per carat (\n \n US$137\n \n per carat). Adjusting for mix of goods sold, this result represents a run-of-mine price of\n \n $124\n \n per carat (\n \n US$98\n \n per carat).\n \n \n \n Operational Update\n \n \n \n Following the declaration of an outbreak of COVID-19 at Gahcho Kué by the Office of the Chief Public Health Officer in the\n \n Northwest Territories\n \n on\n \n December 27, 2021\n \n , additional cases of COVID-19 have been detected, primarily during shift rotation. Gahcho Kué has implemented heightened preventative measures on site, with production continuing with some impacts due to quarantine requirements. The Company continues to manage the COVID-19 situation at site, and to engage with all stakeholders.\n \n \n \n 2022 Guidance\n \n \n (all figures quoted on a 100% basis)\n \n \n \n \n 35 – 40 million total tonnes mined (ore and waste)\n \n \n 3.75 – 4.30 million ore tonnes mined\n \n \n 3.35 – 3.60 million ore tonnes treated\n \n \n 6.3 – 6.7 million carats recovered\n \n \n Production costs of\n \n $121\n \n -\n \n $127\n \n per tonne treated\n \n \n Production costs of\n \n $64\n \n –...