Industria
Mountain Province Diamonds Announces Guidance for 2024, Details of Fourth Quarter and Full-Year 2023 Earnings Release and Conference Call
The Company wishes to provide operating and cost guidance for 2024, as follows:
As part of the Company's year-end 2022 news release disseminated on March 22, 2023 (link provided here), a 2024 production outlook was provided. The production outlook provided was for 4.0 – 4.4 million carats recovered at the 100% level. The increase in 2024 guidance to 4.2 – 4.7 million carats recovered at the 100% level is driven by an expected increase in recovered grade, as well as expected improvements in plant throughput and overall process utilization ("OPU") relative to prior forecasts. This follows the successful project executed during 2023 to improve the process plant performance.
In addition to these guidance figures, the Company wishes to provide guidance for 2024 carats sold as follows:
The Company will host its fourth quarter and full-year 2023 conference call on Wednesday March 27 , 2024 at 11:00am ET . Prior to the conference call, the Company will release Q4 and full-year 2023 financial results on March 26 , 2024 after-market.
Conference Call Dial-in Details:
Conference ID: 16709659
Date of call: 03/27/2024
Time of call: 11:00 Eastern Time
Expected Duration: 60 minutes
Webcast Link:
https://app.webinar.net/relP03xo4Qa
Participant Toll-Free Dial-In Number: (+1) 888-390-0541
Participant International Dial-In Number: (+1) 416-764-8677
A replay of the webcast and audio call will be available on the Company's website.
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Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 107,373 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and Inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of 1.60 carats/tonne and value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct in 1.87Mt at a grade of 1.04 carats/tonne and value of US$75/carat. All resource estimations are based on a 1mm diamond size bottom cut-off.
For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com.
Mark Wall , President and CEO, (416) 361-3562, info@mountainprovince.com; Matthew MacPhail, Chief Technical & Sustainability Officer, (416) 361-3562, info@mountainprovince.com
View original content:https://www.prnewswire.co.uk/news-releases/mountain-province-diamonds-announces-guidance-for-2024-details-of-fourth-quarter-and-full-year-2023-earnings-release-and-conference-call-302069133.html