Mountain Province recovers over 1,572K carats in 4Q

Apr 03, 2024

Mountain Province Diamonds 1Mountain Province Diamonds Inc FY 2023 registered 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.

Net loss of $43.7 million or $0.21 loss per share (2022: net income $49.2 million or $0.23 earnings per share. Included in the determination of net loss is an impairment loss on property, plant and equipment of $104.6 million and foreign exchange gains of $6.6 million (2022: foreign exchange loss of $28.2 million) on the translation of the Company’s USD-denominated long-term debt.

Operational Highlights for Q4 2023 and FY 2023 said, 1,572,696 carats recovered, 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: 5,519,309 at 1.78 carats per tonne).

You May Also Like

Facebook Feeds

Cover for Heera Zhaveraat
98,095
Heera Zhaveraat

Heera Zhaveraat

Offical Facebook account of heerazhaveraat.com, homepage for Trade News, Articles and Promotion of D

This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: No posts available for this Facebook ID

Twitter Feeds

The Exhibitors Catalogue of JGTD 2025 is online!
Be among the first to discover the key players of the fourth edition.
👉
https://exhibitors.jgtdubaijewelleryshow.com/exhibitors-list-page?utm_source=link&utm_medium=social&utm_campaign=HZ_jgtd25

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

hank you SriSriDurgaPooja Bengaluru team for the kind invitation. Blessed to witness Maa Durga Darshan at Bannappa Park, Cubbonpet. Wishing all a joyous Navratri, Durga Pooja & Dusshera. 🌸🙏
– Dr. Chetan Kumar Mehta, CMD, Laxmi Diamonds Bengaluru

The man. The myth. The legend. Immortalized in platinum—rare, resilient & timeless.
The MS Dhoni Signature Edition by Men of Platinum is a tribute to his legacy.
Explore: http://www.menofplatinum.com
#MSDhoni #MenofPlatinum #PlatinumJewellery #MSDhoniSignatureEdition

Load More

HZ is the Official Supporter of :

Member Of

Founder Member Of