Development of the Gahcho Kué Diamond Mine is on track: Mountain Province

Mountain Province Diamonds Inc. announced an update on its development of the Gahcho Kué Diamond Mine, in which it noted the project to progressing as per revised budgets and plans outlined. The overall project is approximately 94 percent complete and on track for first production during H2 2016.

Patrick Evans, Mountain Province President and CEO, commented: “We continue to make excellent progress at Gahcho Kué. Mechanical completion has been achieved at the process plant and truck shop and we are on schedule to achieve mechanical completion of the primary crusher during the current quarter. Key areas of focus are commissioning of the diamond process plant, remaining earthworks, pre-stripping and stockpiling of kimberlite as well as preparations for operational readiness.” Mr. Evans added: “The project also continues to meet our lending group’s tests-to-completion with US$47M advanced to fund cash calls during Q2 2016. A total of US$266M has been drawn against the US$370M facility.”