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Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPVD) has announced its financial results for the second quarter ended June 30, 2023, from the Gahcho Ku├® Diamond Mine (“GK Mine”). The company reported the sale of 360,308 carats for total proceeds of $59.9 million (US$44.6 million) at an average price of $166 per carat (US$124). It also recorded adjusted EBITDA of $30.7 million, earnings from mine operations of $26.9 million, and a net income of $17.3 million or $0.08 basic and diluted earnings per share. The capital expenditures for the first half of 2023 were $44.7 million, with $41.3 million attributed to deferred stripping costs and $3.4 million for sustaining capital expenditures related to mine operations.

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