Mountain Province Diamonds announces financial results for the first quarter (1Q) ended March 31, 2024 from the Gahcho Kué Diamond Mine (GK Mine). According to the report, 938,000 carats sold, with total proceeds of $89.4 million (US$66.1 million) at an average realised value of $95 per carat (US$70). Earnings from mine operations of $30.4 million.

Operational figures said, first Quarter 2024 treated 805,557 ore tonnes treated, a 5% increase relative to Q1 2023, (Q1 2023: 766,786 tonnes treated;) 1,264,887 carats recovered, 4% lower than the comparable quarter (Q1 2023: 1,319,603 carats).

As previously released, during the first quarter 938,000 carats were sold for total proceeds of $89.4 million (US$66.1 million), resulting in an average value of $95 per carat (US$70 per carat). These results compare to Q1 2023 when 961,024 carats were sold for total proceeds of $128.7 million (US$95.0 million), resulting in an average price of $134 per carat (US$99 per carat).