Mountain Province Diamonds Announces September 30, 2017 Quarter End Results

Gem Investing

Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX and NASDAQ: MPVD) today announces the results for the quarter ended September 30, 2017. As quoted in the press release: Mountain Province Interim President and CEO David Whittle commented: “In our first full quarter of reported mining operating results, we’ve recorded a net income of $27,669,000 and earnings from mining operations of $23,991,000. …

Mountain Province Interim President and CEO David Whittle commented: “In our first full quarter of reported mining operating results, we’ve recorded a net income of $27,669,000 and earnings from mining operations of $23,991,000. Our cash costs of production for the quarter, including capitalized stripping costs, were $73 per tonne and $33 per carat, reflecting strong mine performances in both plant throughput and recovered grade. This favourable production cost experience has enabled us to generate net cash flows from operating activities in the quarter of $49,238,000, despite the price realization pressures that have been affecting the rough diamond markets in general.”

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