Mountain Province Diamonds Inc. today announces financial results for the first quarter ended March 31, 2021 from the Gahcho Kué Diamond Mine . All figures are expressed in Canadian dollars unless otherwise noted. Additionally, the Company is providing production and cost guidance for 2021. Financial Highlights for First Quarter 2021 603,000 carats sold, with total proceeds of $54.2 million at an average realised value of [...]
Mountain Province Diamonds Inc. today announces that it has amended and restated its credit agreement with Dunebridge Worldwide, as lender, adding a US$33.0 million term loan facility to its existing US$25.0 million revolving credit facility. The Term Facility bears interest at a fixed rate of 10.0% per annum, payable monthly. In addition, a flat 5.0% fee is payable on each advance made thereunder. The Term Facility will [...]
Mountain Province Diamonds Inc. today announces production and sales results for the first quarter ended March 31, 2021 from the Gahcho Kué Diamond Mine. All figures are expressed in Canadian dollars unless otherwise noted. Additionally, the Company is providing the details of its Q1 2021 earnings release and conference call. The Company will release Q1 2021 financial results after market-close on Wednesday May 12th [...]
Mountain Province Diamonds Inc. today announces its financial and operating results for the fourth quarter and the full year ended December 31, 2020. All figures are expressed in Canadian dollars unless otherwise noted and are unaudited. Operational Highlights for Q4 and FY 2020 9,796,823 total tonnes mined during the quarter, a 12% decrease on the comparable period. 35,870,474 total tonnes mined during FY 2020, a 17 [...]
Mountain Province Diamonds Inc. provides the details of its Q4 and Full Year 2020 earnings release and conference call. The Company will host its quarterly conference call on Thursday March 25th, 2021 at 11:00am EST. Prior to the conference call, the Company will release Q4 and Full Year 2020 financial results. Conference Call Dial-in Details: Title: Mountain Province Diamonds Inc. Q4 and Year End Earnings Conference Call [...]
Mountain Province Diamonds Inc. and reports that the ramp-up to resume operations at the Gahcho Kué Mine has begun. The mine suspended production related activities on February 6 after experiencing several cases of COVID-19. The ramp-up follows an essential services team crew change on February 23, which included bringing in two industrial hygienists to review and oversee work protocols and further deep cleaning [...]
Mountain Province Diamonds Inc. announces the upcoming sale of the largest gem quality diamond recovered to date from the Gahcho Kué mine, located in Canada's Northwest Territories. The diamond is a 157.38 carat gem of exceptional quality. Named "Polaris" after the North Star, this diamond exhibits a rare natural blue fluorescence that echoes its Canadian Arctic origins. Reid Mackie, the Company's Vice President Diamond [...]
Mountain Province Diamonds Inc. reports that there has been an outbreak of COVID-19 at the mine site which has resulted in the temporary suspension of production related activities. For context, the Government of the Northwest Territories defines an outbreak in a closed facility as one or more confirmed or probable case of COVID-19 where infection is acquired within the facility. At present, 2 confirmed positive and 6 [...]
Mountain Province Diamonds Inc. is pleased to announce the results of its latest diamond sale in Antwerp, Belgium, which closed on January 22, 2021. In this sale, 241,827 carats were sold for total proceeds of $27.8 million resulting in an average value of $115 per carat. Stuart Brown, the Company's President and CEO, commented: "The first sale of the year was excellent, the growing confidence amongst rough diamond buyers [...]
Mountain Province Diamonds Inc. today announces production and sales results for the fourth quarter ended December 31, 2020 from the Gahcho Kué Diamond Mine. All figures are expressed in Canadian dollars unless otherwise noted. Q4 and FY 2020 Highlights 9,796,823 total tonnes mined during the quarter, a 12% decrease on comparable period. 35,870,474 total tonnes mined during FY 2020, a 17% decrease from comparable period [...]
Mountain Province Diamonds Inc. is pleased to announce the results of the fourth quarter diamond sales. During the quarter, 956,348 carats were sold for total proceeds of $80.2 million resulting in an average value of $83.82 per carat . The Company was very encouraged that it saw continued price recovery during the quarter with most sales categories finishing above pre-COVID-19 values. The Company has now concluded its [...]
Mountain Province Diamonds Inc. today announces its financial and operating results for the third quarter and nine months ended September 30, 2020. All figures are expressed in Canadian dollars unless otherwise noted. Operational Highlights for Third Quarter 2020 821,000 tonnes treated, an 8% decrease from the 891,000 tonnes treated in Q3 2019. 1,795,000 carats recovered at an average grade of 2.19 carats per tonne, a 17 [...]
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