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Mountain Province Updates Gahcho Kué Diamond Mine Development

Mountain Province Updates Gahcho Kué Diamond Mine Development Mountain Provin...

articleMountain Province Diamonds Inc.June 20, 20165/company/mountain-province-diamonds-inc/news/mountain-province-updates-gahcho-kuandxe9-diamond-mine-development
Mountain Province Updates Gahcho Kué Diamond Mine Development

About this update from Mountain Province Diamonds Inc.

[{"type":"text","content":"\n\n\n\nMountain Province Updates Gahcho Kué Diamond Mine Development\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.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nMountain Province Updates Gahcho Kué Diamond Mine Development\nCanada NewsWire\nTORONTO and NEW YORK, June 20, 2016\n\n\n\n\nMajor construction complete \nCommissioning +75% complete \nOn track for first production in Q3 2016 \nDiamond marketing team in place\n\nShares Issued and Outstanding: 159,778,833TSX: MPVNASDAQ: MDM\n\n\n\nTORONTO and NEW YORK, June 20, 2016 /CNW/ - Mountain Province Diamonds Inc. (\"Mountain Province\", the \"Company\") (TSX: MPV, NASDAQ: MDM) is pleased to announce that Gahcho Kué has achieved mechanical completion of the primary crusher and that commissioning of the process plant continues to progress well. Based on the progress to date, Gahcho Kué expects to commence production during Q3 2016. The specific timing within Q3 will depend on progress with the remaining commissioning.\n\nMountain Province president and CEO Patrick Evans commented: \"We are pleased with the continuing excellent progress at Gahcho Kué and excited that first production will commence within the next few months. Key areas of focus are finalization of commissioning of the process plant, remaining earthworks, pre-stripping and mining of kimberlite, as well as preparations for operational readiness.\"\n\nGahcho Kué's safety performance remains very good. In May 2016, the mine surpassed an impressive one million hours worked without a lost-time injury. The permanent staff complement of the mine now stands at 290, including 91 experienced employees transferred from the De Beers Snap Lake mine. \n\nIn anticipation of first production, Mountain Province has concluded all the necessary contract arrangements to be in a position to receive, sort and sell its share of diamond production from Gahcho Kué. The Company's diamond marketing team, under the leadership of Reid Mackie, Vice President of Diamond Marketing, has been complemented with appointment of Mark Pearton as manager of diamond oper...

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