Mountain Province Diamonds Inc provided diamond production guidance for 2024, The Company wishes to provide operating and cost guidance for 2024, as follows,
1: 36 – 39 million total tonnes mined (ore and waste),
2: 4.1 – 4.6 million ore tonnes mined,
3: 3.4 – 3.6 million ore tonnes treated and
4: 4.2 – 4.7 million carats of diamond recovered.
Mountain Province Diamonds Production costs of $124 – $136 per tonne treated, while production costs of $96 – $107 per carat recovered & Sustaining Capital Expenditure of $11 million (49% share)! As part of the Company’s year-end 2022 news release disseminated on March 22, 2023 (link provided here), a 2024 production outlook was provided.
The production outlook provided was for 4.0 – 4.4 million carats recovered at the 100% level. The increase in 2024 guidance to 4.2 – 4.7 million carats recovered at the 100% level is driven by an expected increase in recovered grade, as well as expected improvements in plant throughput and overall process utilization relative to prior forecasts. This follows the successful project executed during 2023 to improve the process plant performance.
In addition to these guidance figures, the Company wishes to provide guidance for 2024 carats sold about 2.3 – 2.6 million carats sold.
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Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
Shaping India’s $100 Billion Gems & Jewellery Future
At the Chintan Shivir on the 2040 Roadmap, Commerce Secretary Shri Rajesh Agrawal outlined a vision to grow India’s gems & jewellery sector from ~$29B to $100B, driven by innovation, technology, design, global branding.
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