Brief: Mountain Province Diamonds Says From Gahcho Kué Diamond Mine, 890,886 Ore Tonnes Mined During Quarter, A 33% Increase

Mountain Province Diamonds

23/01/2020 22:25

Jan 23 (Reuters) - Mountain Province Diamonds Inc  MPVD.TO :
    * MOUNTAIN PROVINCE DIAMONDS INC - FROM GAHCHO KUÉ DIAMOND
MINE,
890,886 ORE TONNES MINED DURING QUARTER, A 33% INCREASE
    * MOUNTAIN PROVINCE DIAMONDS - 11.1 MILLION TOTAL TONNES
MINED
FROM GAHCHO KUÉ DIAMOND MINE DURING QUARTER, 2% DECREASE
    * MOUNTAIN PROVINCE DIAMONDS INC - "THE DIAMOND MARKET
HOWEVER WAS
SOMEWHAT DIFFICULT IN 2019 WITH PRICES DECLINING FURTHER IN SOME
CATEGORIES"
    * MOUNTAIN PROVINCE DIAMONDS - "MEDIUM TO LONG TERM OUTLOOK
FOR
ROUGH DIAMONDS, REMAINS POSITIVE"
    * MOUNTAIN PROVINCE DIAMONDS INC - EXPECTS THAT Q4 2019 AND
FY
2019 COSTS WILL BE IN LINE WITH REVISED GUIDANCE PREVIOUSLY
PROVIDED
    * MOUNTAIN PROVINCE DIAMONDS INC - 1.98 MILLION CARATS
RECOVERED
DURING QUARTER AT AN AVERAGE GRADE OF 2.11 CARATS PER TONNE, 28%
HIGHER
    * MOUNTAIN PROVINCE- "ANTICIPATED MINE CLOSURES OVER NEXT
12-18
MONTHS WILL HELP ESTABLISH MORE BALANCED SUPPLY & DEMAND
EQUILIBRIUM IN DIAMOND MARKET"
    * MOUNTAIN PROVINCE DIAMONDS INC - CONSUMER CONFIDENCE AND
SPENDING REMAIN STRONG, PARTICULARLY IN U.S. AND GREATER CHINA

Source text for Eikon:  ID:nCNW20xYNa 
Further company coverage:  MPVD.TO 

 ((Reuters.Briefs@thomsonreuters.com;))