Mountain Province: Gahcho Kué Produces 5.52 Million Carats in 2022

Mountain Province Diamonds has announced production and sales results for Q4 (ended December 31, 2022) and 2022 from the Gahcho Kué Diamond Mine. 

 

According to Rough & Polished,during Q4, 1,621,800 carats were recovered. For the full year 2022, 5.52 million carats were recovered (less than the guidance of 5.60 – 5.80 million carats). In 2022, approximately 2.7 million carats were sold at an average value of $112 per carat for total proceeds of $297.3 million. 

 

Mark Wall, the Company’s President and CEO, commented: “After a very challenging start to the year, primarily due to a spike in Covid cases at the GK Mine, a detailed recovery plan was developed and executed resulting in quarter over quarter improvement through 2022 […] We now enter the 2023 cold weather and ice road resupply season with good momentum and a backdrop of a resilient rough diamond market.”

 

Credit: Mountain Province Diamonds

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