Mountain Province Diamonds Inc. today announces positive exploration results for its 100%-held Kennady North Project. The Kennady North Project includes over 113,000 hectares of claims and leases that completely surround the Gahcho Kué Diamond Mine. The 2022 exploration program focused on new discoveries through a detailed analysis of both new and historic geophysical, geological, and kimberlite indicator mineral data [...]
Mountain Province Diamonds Inc. announces that it has issued an amendment to its management information circular dated October 28, 2022 relating to the special meeting of shareholders scheduled for Dec 1, 2022. In order to give shareholders additional time to review and consider the amended Circular, the Company intends to adjourn the Special Meeting until December 12, 2022 at 10:00 a.m. Eastern Time. As disclosed in the [...]
Mountain Province Diamonds Inc. is pleased to release its financial and operating results for the third quarter and nine months ended September 30, 2022. All figures are expressed in Canadian dollars unless otherwise noted. Third Quarter 2022 Key Highlights Revenue of $110.1M representing the highest quarterly revenue in the Company's history and a 12% increase relative to that achieved in Q2 2022 Robust Quarterly [...]
Mountain Province Diamonds Inc. announces production and sales results for the third quarter ended September 30, 2022 from the Gahcho Kué Diamond Mine. All figures are expressed in Canadian dollars unless otherwise noted. Q3 Sales Highlights Highest Quarterly Revenue in Company History. Total proceeds of $111M representing the highest quarterly revenue in the Company's history, and a 9% increase relative to that achieved [...]
Mountain Province Diamonds Inc. announces that it has executed a non-binding term sheet with certain holders of its 8.000% Senior Secured Second Lien Notes due 2022, including entities ultimately beneficially owned by the Company's largest beneficial shareholder, Mr. Dermot Desmond, for a partial refinancing of the Existing Notes. The term sheet sets forth the terms of a transaction in which the Exchanging Holders will [...]
Mountain Province Diamonds Inc. today announces that it has set a date for a special meeting of shareholders of December 1, 2022. The record date for shareholders entitled to receive notice and vote at the Meeting has been set as October 28, 2022. The Company continues to engage with certain major existing bondholders on the potential issuance of a debt instrument to refinance the Company's outstanding senior secured [...]
Mountain Province Diamonds Inc. is pleased to provide the details of its Q3 2022 earnings release and conference call. Earnings Release and Conference Call Details The Company will host its quarterly conference call on Wednesday November 9th, 2022 at 11:00am EST. Prior to the conference call, the Company will release Q3 2022 financial results on November 8rth, after-market. Conference Call Dial-in Details: Title: [...]
Mountain Province Diamonds Inc. is saddened to announce a fatal incident at the Gahcho Kué Mine. We are deeply saddened to confirm that an employee from a contractor partner company succumbed to injuries sustained in an incident at Gahcho Kué Mine on Thursday, 1 September. The circumstances around what happened are under investigation by the appropriate authorities. All non-essential work at the mine has been suspended [...]
Mountain Province Diamonds Inc. announces the upcoming sale of an exceptional, coloured large rough diamond recovered from the Gahcho Kué mine, located in Canada's Northwest Territories. The diamond, a 151.60 carat octahedron of exceptional clarity will be offered for sale alongside a selection of more than 90 individual special rough diamonds recovered from the Company's Canadian Diamond mine. The upcoming sale [...]
Mountain Province Diamonds Inc. today its financial and operating results for the second quarter and first half 2021 ended June 30, 2022. All figures are expressed in Canadian dollars unless otherwise noted. Second Quarter 2022 Key Takeaways Record Quarterly Adjusted EBITDA of C$55.1M Revenue of $97.8M representing the second highest quarterly revenue in the Company's history and a 16% increase relative to that achieved [...]
Mountain Province Diamonds Inc. is pleased to announce the successful completion of its first analyst site tour since 2019, taking place on Wednesday July 20th. The Company also wishes to announce that it has entered into separate, privately negotiated transactions with certain holders of its outstanding 8.000% Senior Secured Second Lien Notes due 2022 to repurchase for cancellation approximately US$26.4 million aggregate [...]
Mountain Province Diamonds Inc. is pleased to provide interim drilling results for the Hearne Northwest Extension at Gahcho Kué Mine. The Hearne kimberlite is one of four kimberlites being mined at Gahcho Kué, presently ranked at 5th in the world with an annual diamond production of approximately six million carats. Mountain Province is a 49% shareholder at Gahcho Kué with joint venture partner De Beers Canada as [...]