Mountain Province Sells All Diamonds in Second Sale of Gahcho Kue Goods

(IDEX Online) – Mountain Province Diamonds Inc. has completed the second sale of Gahcho Kué diamonds at which it sold 277,646 carats.

The company said it received bids on all parcels offered, including unsold parcels carried over from the January sale, and sold all the parcels offered.

Its third sale of approximately 193,900 carats of Gahcho Kué diamonds is scheduled for late this month. Detailed results of the cumulative first quarter sales will be released with the company’s Q1 2017 financial results.

There will be diamond sales once every five weeks and all future sales results will be reported with the company’s quarterly and annual financial results.

Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories.