Mountain Province Diamonds Inc. and today announces that it proposes to enter into an agreement to sell U.S.$50,000,000 of diamonds to Dunebridge Worldwide Ltd. The first sale for approximately U.S.$ 22,000,000 is expected to occur on June 11th, 2020 following the execution of a binding agreement. The transaction with Dunebridge will permit the Company to sell its run of mine diamonds at the prevailing market price at the [...]
Mountain Province Diamonds today announces changes to its Board of Directors. The Company is pleased to announce the addition of Mr. Ken Robertson to its Board of Directors. Mr. Robertson is a certified professional accountant and financial executive with strong financial experience in the mining industry. Mr. Robertson spent 36 years at Ernst & Young LLP and left the firm in 2015 as a partner and senior executive. Mr [...]
Mountain Province Diamonds today announces changes to its Board of Directors. The Company is pleased to announce the addition of Mr. Dean Chambers to its Board of Directors. Mr. Chambers is a professional engineer and financial executive with strong operational, financial, M&A and major capital project experience in the mining industry. Mr. Chambers' career as a senior executive in the mining and chemical industries [...]
Mountain Province Diamonds today announces its financial and operating results for the quarter ended March 31, 2020. All figures are expressed in Canadian dollars unless otherwise noted. Operational Highlights for First Quarter 2020 903,000 tonnes treated, a 4% increase on comparable quarter. 1,655,000 carats recovered at an average grade of 1.83 carats per tonne, slightly higher than the same period last year. 9,357,000 [...]
Mountain Province Diamonds Inc. today announces production and sales results for the first quarter ended March 31, 2020 from the Gahcho Kué Diamond Mine . All figures are expressed in Canadian dollars unless otherwise noted. The Company also reports that it has drawn US$25 million from its revolving credit facility amid the uncertainty surrounding the COVID-19 pandemic. As reported previously in the press release dated [...]
Mountain Province Diamonds Inc. announces the following amendments to the covenant requirements under its currently undrawn US$50 million revolving credit facility with Scotiabank and Nedbank: The maximum Total Leverage Ratio for the quarter ended March 31, 2020 has increased from 4.0:1 to 4.5:1. The maximum Total Leverage Ratio for the quarter ended June 30, 2020 has increased from 4.0:1 to 5:1. If during the quarter [...]
Mountain Province Diamonds Inc. today announces its financial and operating results for the fourth quarter and the full year ended December 31, 2019. All figures are expressed in Canadian dollars unless otherwise noted and are unaudited. The Company also announces the filing of technical report for the Company's Gahcho Kué Mine entitled, Gahcho Kué Mine NI 43-101 Technical Report. The Report is effective [...]
Mountain Province Diamonds Inc. today announces that as a result of city-wide closures in Antwerp Belgium, where the Company sells its diamonds, the current sale has been postponed until further notice. The Covid-19 global pandemic continues to force health officials to take drastic measures in order to slow down the spread of the virus. Antwerp Belgium, where the Company's diamonds are sold, has just announced city-wide [...]
Mountain Province Diamonds Inc. today announces that in light of recent events related to the Covid-19, it is delaying the release of its year end results, originally scheduled for March 16th, by one week to March 23rd 2020 after market hours, within the statutory period for the release of annual financial information. The recent outbreak of the Coronavirus Covid-19 and its impact on travel restrictions and self-isolation [...]
Mountain Province Diamonds Inc. today announces that pursuant to its press release of August 13th, 2019, the Company has notified Nasdaq Stock Market LLC of its intention to voluntarily delist its common shares from Nasdaq Stock Exchange . The Company is currently out of compliance with Nasdaq Listing Rule 5450 which requires listed securities to maintain a minimum bid price of US$1.00 per share, and Listing Rule 5810 [...]
In the news release, Mountain Province Diamonds Announces Fourth Quarter and Full Year 2019 Production and Sale Results and Provides Q4 Conference Call Details, issued 23-Jan-2020 by Mountain Province Diamonds Inc. over CNW, we are advised by the company that the fifth column header in the table should read "FY 2018" rather than "FY 2017" as originally issued inadvertently. The complete, corrected release follows [...]
Mountain Province Diamonds Inc. today announces production and sales results for the fourth quarter ended December 31, 2019 from the Gahcho Kué Diamond Mine. The Company also releases the details for its Q4 2019 earnings conference call and webcast. All figures are expressed in Canadian dollars unless otherwise noted. Q4 and FY 2019 Highlights 11,089,408 total tonnes mined during the quarter, a 2% decrease on [...]
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