TSX and OTC: MPVD TORONTO, July 25, 2024 /CNW/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX:MPVD) (OTC:MPVD) today announces production and sales results for the second quarter ended June 30, 2024 ("the Quarter" or "Q2 2024") from the Gahcho Kué Diamond Mine ("GK Mine"). All figures are expressed in Canadian dollars unless otherwise noted. Q2 2024 Production Takeaways(all figures reported on a 100% basis unless otherwise stated) 1,318,680 carats recovered, 2% less than last year's comparable quarter (Q2 2023: 1,339,196 carats) Average grade of 1.37 carats per tonne, a 24% difference relative to Q2 2023 (1.79 carats per tonne) 971,311 ore tonnes mined, a 63% increase relative to last year's comparable quarter (Q2 2023: 595,990 ore tonnes mined) 965,984 ore tonnes treated, a 29% increase relative to last year's comparable quarter (Q2 2023: 750,241 tonnes treated) Q2 2024 Production Figures 2024 Q2 2023 Q2 YoY Variance Total tonnes mined (ore and waste) 7,911,091 9,235,465 -14 % Ore tonnes mined 971,311 595,990 63 % Ore tonnes treated 965,984 750,241 29 % Carats recovered 1,318,680 1,339,196 -2 % Carats recovered (49% share) 646,153 656,206 -2 % Recovered grade (carats per tonne) 1.37 1.79 -24 % Q2 2024 Sales Results During the Quarter 557,361 carats were sold for total proceeds of $56.8 million (US$41.5 million), resulting in an average price of $102 per carat (US$74 per carat). These results compare to Q2 2023 when 360,308 carats were sold for total proceeds of $59.9 million (US$44.6 million), resulting in an average price ...