TORONTO, April 1, 2024 /CNW/ – Mountain Province Diamonds Inc. (“Mountain Province Diamonds”, or the “Company“) (TSX: MPVD) (OTC: MPVD) today announces its financial and operating results for the fourth quarter (“the Quarter” or “Q4 2023“) and the full year ended December 31, 2023 (“FY 2023“).
All figures are expressed in Canadian dollars unless otherwise noted and are unaudited.
FY 2023 Highlights
- 43% improvement in key site safety KPI (TRIFR) in 2023 vs 2022.
- Adjusted EBITDA1 of $165.0 million, down 8% relative to 2022 (2022: $178.6 million).
- Total sales revenue at $328.6 million (US$243.8 million) compared to $388.9 million in 2022 (US$297.3 million: at an average realized value of $121 per carat (US$90) 2022: $146 per carat (US$112).
- Repaid US$18 million in Senior Secured Second Lien Notes.
- 9% increase in total tonnes mined in 2023 relative to 2022, coupled with a 5% increase in tonnes treated.
- Net loss of $43.7 million or $0.21 loss…
