Mountain 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).
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