Mountain Province Diamonds Inc. (TSE:MPVD) has released an update.
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Mountain Province Diamonds Inc. has reported a dip in diamond recovery at the Gahcho Kué Mine for Q1 2024, with a 4% decrease to 1,264,887 carats compared to last year. However, the company saw a significant rise in mining volume, with ore mined up by 355%. Despite the increased mining activity, the average grade of diamonds fell by 9%.
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