Mountain Province Diamonds Inc announces a correction to its news release entitled Mountain Province Announces Second Quarter 2025 Production and Sales Results, Details of Second Quarter 2025 Earnings Release, and Conference Call.
The news release for 2Q, 2025 incorrectly referred to the average selling price for the second quarter ended June 30, 2023 and as a result incorrectly stated that the average selling price per carat, for the second quarter ended June 30, 2024 (Q2 2024) was CA$166 per carat (US$124 per carat). The correct average selling price for Q2 2024 was CA$102 per carat (US$74 per carat).
This correction does not change any other information reported in the 2Q, 2025 news release and no other matters require correction.
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development.
The Company also controls more than 96,000 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats.
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