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Mountain Province Diamonds Inc.

10:24 AM EST - Mountain Province Diamonds Inc. : Announces production and sales results for the fourth quarter ended December 31, 2022 from the Gahcho Kué Diamond Mine ("GK Mine"). All figures are expressed in Canadian dollars unless otherwise noted.Q4 and FY 2022 Highlights: 1,621,800 carats recovered during Q4 at an average grade of 1.96 carats per tonne. Full-year 2022 production of 5.52 million carats against guidance of 5.60 - 5.80 million carats. In 2022, approximately 2.7 million carats were sold at an average value of $146 per carat (US$112 per carat) for total proceeds of $388.8 million (US$297.3 million). This compared to 3.2 million carats sold at an average value of $94 per carat (US$75 per carat) for total proceeds of $298.4 million (US$236.9 million) in FY 2021. Mountain Province Diamonds Inc. shares T.MPVD are trading unchanged at $0.62.