Mountain Province Diamonds Updates, Revises Gahcho Kue Feasibility Study

Mountain Province Diamonds Inc. (TSX:MPV,NYSEMKT:MDM) announced the results of an updated and revised feasibility study on its 49-percent-owned Gahcho Kue diamond project, located in Canada’s Northwest Territories.

De Beers Canada holds the other 51 percent of Gahcho Kue.

Financial and project highlights include:

• RR (excluding sunk costs) — 32.6%
• NPV @ 10% — Cdn$1.005B
• Capital to completion (2013$ unescalated) — Cdn$858.5M
• Working capital — Cdn$80.1M
• Ramp up operating costs through Jan ’17 — Cdn$82.0M
• Sustaining capital LOM (including closure cost) — Cdn$92.7M
• Operating costs (per tonne processed, incl. sorting) — Cdn$72.51
• Mine operational life —12 years
• Average annual production —3 million tonnes
• Total diamond production —53.4 million carats
• Average annual diamond production — 4.45 million carats
• Diamond revenue — US$149.66 per carat

Click here to read the full Mountain Province Diamonds Inc. (TSX:MPV,NYSEMKT:MDM) press release.