Mountain Province Diamonds announces today that it has entered into an amendment to the amended and restated bridge credit facility agreement with Dunebridge Worldwide, to increase such the size of the bridge term facility under that agreement by US$10 million, from US$30 million to US$40 million. The bridge credit facility agreement, which was originally entered into on February 24, 2025, provided for US$30 million in [...]
Mountain Province Diamonds announces a correction to its news release dated July 10, 2025 entitled "Mountain Province Announces Second Quarter 2025 Production and Sales Results, Details of Second Quarter 2025 Earnings Release, and Conference Call". The news release incorrectly referred to the average selling price for the second quarter ended June 30, 2023 and as a result incorrectly stated that the average selling price [...]
Mountain Province Diamonds announces production and sales results for the second quarter ended June 30, 2025 from the Gahcho Kué Diamond Mine. Q2 Production Takeaways 708,072 carats recovered, 46% lower than Q2 2024: 1,318,680 carats. 0.8 Average grade of carats per tonne, a 41% decrease compared to Q2 2024: 1.37 carats per tonne. 134,597 ore tonnes mined; an 86% reduction compared to Q2 2024: 971,311 ore tonnes mined, as [...]
Mountain Province Diamonds is pleased to announce the results of voting by the shareholders of the Company during the virtual 2025 annual and special meeting of Mountain Province's shareholders. A total of 110,077,023 common shares were voted at the Meeting representing 51.92% of the issued and outstanding common shares. The Company received the required shareholder approval under Multilateral Instrument 61-101 Protection [...]
Mountain Province Diamonds announces that it has entered into an amended and restated bridge credit facility agreement to provide for the Company's previously announced CAD$33 million working capital credit facility with Dunebridge Worldwide Ltd., as administrative agent, security trustee and lender. The A&R Bridge Facility Agreement amends and restates the Company's existing bridge credit facility agreement with [...]
Mountain Province Diamonds announces financial results for the first quarter ended March 31, 2025 from the Gahcho Kué Diamond Mine. Financial Highlights for Q1 2025 426,000 carats sold, with total proceeds of $44.0 million at an average realised value of $103 per carat. Adjusted EBITDA1 of $6.1 million. Loss from mine operations of $22.4 million. Net loss of $34.4 million or $0.16 basic and diluted loss per share. Cash [...]
Mountain Province Diamonds announces today that the Company has mailed and filed its notice of meeting, management information circular and related documents to the holders of common shares of the Company in connection with the annual and special meeting of Shareholders to be held virtually meetnow.global/MC9DXS6 at 11:00 a.m. on May 16, 2025. The Meeting Materials will be filed on the Company's SEDAR+ profile and will be [...]
Mountain Province Diamonds announces production and sales results for the first quarter ended March 31, 2025 from the Gahcho Kué Diamond Mine . All figures are expressed in Canadian dollars unless otherwise noted. Q1 Production Takeaways 762,978 carats recovered, 40% lower than last year's comparable quarter 0.82 Average grade of carats per tonne, a 48% decrease relative to Q1 2024 0 ore tonnes mined; a 100% reduction [...]
Mountain Province Diamonds announces its financial and operating results for the fourth quarter and the full year ended Dec 31, 2024. FY 2024 Highlights 60% improvement in key site safety KPI in 2024 vs 2023. Adjusted EBITDA1 of $90.7 million, down 42% relative to 2023. Total sales revenue at $267.7 million compared to $328.6 million in 2023 2023: $121 per carat. 41% increase in total ore tonnes mined in 2024 relative to [...]
Mountain Province Diamonds announces the closing of the refinancing transactions announced on Feb 25, 2025. Concurrently with the closing of the Refinancing Transactions, the Company has delivered a funding request for US$20M pursuant to the bridge credit facility agreement dated Feb 24, with Dunebridge Worldwide Ltd. as administrative agent, security trustee and lender, and the guarantors named therein as announced on [...]
Mountain Province Diamonds announces that it entered into a payment and security agreement with De Beers Canada Inc. and 2435386 Ontario Inc., an indirect wholly-owned subsidiary of the Company, to recalibrate the obligations of De Beers and the Company for the decommissioning costs of the GK Mine and the grant of additional security to De Beers for the Company's obligations thereunder; and a bridge credit facility [...]
Mountain Province Diamonds announces production and sales results for the fourth quarter ended Dec 31, 2024, and for the full-year 2024 from the Gahcho Kué Diamond Mine. FY 2024 Highlights In 2024, approximately 2.7 million carats were sold at an average value of $98 per carat for total proceeds of $267.7 million. This compares to 2.7 million carats sold at an average value of $121 per carat for total proceeds of $328.6 [...]