Mountain Province Increases Production Guidance

By John Jeffay / February 26, 2024 / www.idexonline.com / Article Link

(IDEX Online) -  Mountain Province Diamonds has increased its production guide for this year, from 4.0m cts - 4.4m cts to 4.2m cts - 4.7m cts.The Toronto-based miner says it now expects an increase in recovered grade at the Gahcho Kue mine it operates as a joint venture with De Beers in Northwest Territories.It also expects improvements in plant throughput and overall process utilization (OPU) compared to previous forecasts.Full year production in 2023 was 5.6m cts, at the low end of the company's 5.6m cts - 6.1m cts guidance.For 2024, production costs are forecast at CAN $96 - CAN $107 (US$71 - US$79) per carat recovered, according to newly-published guidance.Sales are forecast at 2.3m cts - 2.6m cts, down marginally on 2023 sales of 2.7m cts.Last month the company reported FY 2023 sales of $243.7m, down 18 per cent on the previous year.Pic shows processing plant at Gahcho Kue. 

Recent News

Budgets shift to later phases and larger companies

March 03, 2025 / www.canadianminingreport.com

Gold stocks decline on metal and equities drop

March 03, 2025 / www.canadianminingreport.com

TSXV Mining's gold-driven outperformance

February 24, 2025 / www.canadianminingreport.com

Gold stocks dip, TSXV mining outperforms, tech bull shifts to China

February 24, 2025 / www.canadianminingreport.com

Producing gold still up after metal reversal, juniors down

February 17, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok