“This is an important update to the production profile of the Gahcho Kué mine,” said Mountain Province president and CEO Mark Wall. “The projected operational after-tax cash flow attributable to Mountain Province for the balance of the open pit life of mine plan of C$626 million demonstrates the value of the Gahcho Kué mine.”
As part of the latest work, the resource and reserve estimates have also been updated. The total probable reserves (including stockpiles) total 23.6 million tonnes grading 1.47 c/t and containing 34.6 million carats.
Using a cut-off size of 1.0 mm, the indicated resource is 24.7 million tonnes grading 1.57 c/t. containing 38.8 million carats. The inferred resource is 13.3 million tonnes at 1.79 c/t, containing 23.7 million carats. These numbers also reflect indicated material in stockpiles.
“The diamond market is considerably softer than the period when the previous 2022 technical report was…
