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Mountain Province Diamonds Inc. (TSX:MPV,NASDAQ:MDM) announced that development of its Gahcho Kue diamond mine is moving forward on time and on budget.
Mountain Province Diamonds Inc. (TSX:MPV,NASDAQ:MDM) announced that development of its Gahcho Kue diamond mine is moving forward on time and on budget. The overall project is now over 80 percent complete and set for first production in the second half of 2016.
Patrick Evans, president and CEO of Mountain Province, said:
We continue to make excellent progress at Gahcho Kué. Key areas of focus over the next six months are commissioning of the primary crusher and diamond plant, as well as preparation for operational readiness.
The press release also states:
Mountain Province was advised early last week of the planned cessation of operations at the De Beers Snap Lake mine and the opportunities this would afford selected Snap Lake employees to be hired at Gahcho Kué. Forty-one Snap Lake employees have been transferred to Gahcho Kué and a further 60 will be transferred next year as the mine prepares for production.
Click here to read the full Mountain Province Diamonds Inc. (TSX:MPV,NASDAQ:MDM) press release.