For the complete 12 months, Mountain Province bought nearly 3.2 million carats and acquired C$198.4 million. The common value for 2021 was C$94 per carat.
“The worth acceleration that we’ve seen main into the ultimate quarter of the 12 months has continued, most notably within the smaller measurement fractions of our diamonds,” mentioned president and CEO Mark Wall.
“This value appreciation has resulted within the firm reaching the third highest quarterly common worth per carat determine in its historical past, and the very best because the first quarter of 2018. Moreover, the $86 [C$110] per carat achieved in our December sale additional reinforces our confidence in a sturdy diamond market heading into 2022, a pivotal 12 months for the corporate as we progress the streamlining of the capital construction.”
Mountain Province owns 49% of the Gahcho Kué mine 280 km northeast of Yellowknife, NWT. Companion and 51% proprietor De Beers Canada is the operator.
Mountain Province can be the 100% proprietor of 107,000 hectares of potential minerals claims and leases that encompass Gahcho Kué. These property are often called the Kennady North superior exploration undertaking lower than 10 km from the three way partnership. Assets have been estimated for 3 kimberlites.
The Kelvin indicated useful resource is 8.5 million tonnes grading 1.6 carats per tonne for 13.6 million carats. The Faraday 2 inferred useful resource is 2.1 million tonnes grading 2.64 carats per tonne for five.5 million carats. The Faraday 1-3 inferred useful resource is 1.9 million tonnes grading 1.04 carats per tonne for 1.9 million carats.
(This text first appeared within the Canadian Mining Journal)