Mountain Province Diamonds Inc. is pleased to announce the results of its latest diamond sale in Antwerp, Belgium, which closed on October 30th 2020. This is the Company's second commercial sale since the start of the pandemic. In the latest sale, 559,528 carats were sold for total proceeds of $45.7 million resulting in an average value of $81 per carat . This is the Company's largest open market sale to date, a record in [...]
Mountain Province Diamonds Inc. today announces production results for the third quarter ended September 30, 2020 from the Gahcho Kué Diamond Mine. All figures are expressed in Canadian dollars unless otherwise noted. Q3 Highlights 9,880,757 total tonnes mined, a 16% decrease on comparable period. 889,340 ore tonnes mined, an 11% decrease on comparable period. 821,049 ore tonnes treated, an 8% decrease on comparable [...]
Mountain Province Diamonds Inc. is pleased to announce that at its special meeting of shareholders held on September 29, 2020 its shareholders approved two related party transactions that significantly strengthen the Company's financial position as it responds to the challenges posed by the COVID-19 pandemic. At the Special Meeting, the disinterested shareholders approved the assignment from the existing lenders to Dermot [...]
Mountain Province Diamonds today announces the preliminary results of its latest diamond sale in Antwerp, Belgium, which closed on September 19th, 2020. The latest sale represents the Company's first traditional commercial sale since February and the start of the COVID-19 Pandemic. It is important to note that these results do not include the sale of any high value fancy and special stones. Total proceeds from the sale [...]
Shares Issued and Outstanding: 210,417,473 TSX and OTCQX: MPVD TORONTO and Mountain Province Diamonds Inc. is pleased to announce that the nominees listed in the management proxy circular for the 2020 Annual General & Special Meeting of Shareholders were elected as directors of the Company. Detailed results of the vote for the election of directors at the Annual Meeting held virtually on September 9, 2020 are set out [...]
Mountain Province Diamonds Inc. today announces that it intends to hold a special meeting of shareholders on September 29, 2020. The record date for shareholders entitled to receive notice and vote at the Special Meeting has been set as August 26, 2020. The Special Meeting is being called to enable the Company's shareholders to approve two related party transactions that will significantly strengthen the Company's [...]
Mountain Province Diamonds Inc. today announces its financial and operating results for the second quarter and first half 2020 ended June 30, 2020. All figures are expressed in Canadian dollars unless otherwise noted. Operational Highlights for Second Quarter 2020 786,000 tonnes treated, an 11% decrease from the 882,000 tonnes treated in Q2 2019. 1,547,000 carats recovered at an average grade of 1.97 carats per tonne, an [...]
Mountain Province Diamonds Inc. today announces production and sales results for the second quarter ended June 30, 2020 from the Gahcho Kué Diamond Mine . All figures are expressed in Canadian dollars unless otherwise noted. Q2 Highlights 6,836,110 total tonnes mined, a 37% decrease on comparable period. 527,664 ore tonnes mined, a 29% decrease on comparable period. 786,249 ore tonnes treated, an 11% decrease on [...]
Mountain Province Diamonds today announces that, further to previously disclosed challenges in the diamond markets, it has entered into a waiver agreement related to the senior secured revolving credit facility agreement dated as of December 11, 2017 among the Company, as parent guarantor, 2435572 Ontario Inc., a wholly owned subsidiary of the Company, as borrower, 2435386 Ontario Inc., a wholly owned subsidiary of the [...]
Mountain Province Diamonds today announces an update of its exploration programs for the Gahcho Kué Joint Venture, and for the Company's 100%-held Kennady North Project. The winter programs were planned to run from mid-February through May but were terminated in early April after declaration of the COVID-19 pandemic in March. Personnel for both programs reported no incidence of the virus during the winter operations, or [...]
Mountain Province Diamonds Inc. today announces revised guidance for 2020 for the Gahcho Kué Mine. The Company withdrew its original guidance for 2020 in March due to the impact of the COVID-19 pandemic. 2020 Revised Guidance: 37 – 39 million total tonnes mined, adjusted from previous guidance of 42 – 43 million tonnes 3.3 – 3.4 million ore tonnes mined, unchanged from previous guidance 3.3 – 3.4 million ore tonnes [...]
Mountain Province Diamonds Inc. today announces the completion of the previously proposed agreement to sell U.S.$50,000,000 of diamonds to Dunebridge Worldwide Ltd. . Pursuant to the agreement outlined in the press release of June 8th, 2020, the Company has received conditional consent from the Toronto Stock Exchange , and all its lenders to enter into the Sale agreement with Dunebridge. The TSX approval is conditional on [...]
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