Strong First Mountain Province Antwerp Tender Of 2022 Nets US$25 Million

Mountain Province announced the results of their first diamond sale of the year in Antwerp. The company sold 181,851 carats of diamonds recovered from the Gahcho Kué mine for total proceeds of US$25 million. This results in an average value of US$137 per carat for the Antwerp tender, which is 84% higher than the average price per carat of all diamonds sold in 2020.

Mark Wall, President and CEO of Mountain Province Diamonds: "With the strengthening in the rough diamond market that we saw throughout 2021, we expected the results of the first sale of the year to be favorable. These sales results put us on a solid footing as we head into a pivotal year.”