Mountain Province Diamonds announces its financial and operating results for the fourth quarter and the full year ended December 31, 2023. According to the report, FY 2023 shows the 43% improvement in key site safety KPI (TRIFR) in 2023 vs 2022. Total sales revenue at $328.6 million (US$243.8 million) compared to $388.9 million in 2022 (US$297.3 million: at an average realized value of $121 per carat (US$90) 2022: $146 per carat (US$112). Repaid US$18 million in Senior Secured Second Lien Notes.
1,572,696 carats recovered during the Quarter at an average grade of 1.84 carats per tonne, 3% lower than the comparable quarter in 2022 (Q4 2022: 1,621,800 carats at 1.96 carats per tonne). 5,557,655 carats recovered during FY 2023 at an average grade of 1.71 carats per tonne, 1% higher than the comparable period (full year ended December 31, 2022 (“FY 2022”): 5,519,309 at 1.78 carats per tonne).
918,000 carats sold (Q4 2022: 758,000), with total proceeds of $79.8 million (US$58.9 million) at an average realized value of $87 per carat (US$64), compared to $96.3 million in Q4 2022, (US$71.3 million), at an average realized value of $127 per carat, (US$94).
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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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