Mountain Province Diamonds Inc. announces the extension of its US$25M Revolving Credit Facility, and the full repayment of its US$35M term loan. The Company wishes to announce that it has completed an agreement to extend by six months the maturity date of its US$25M senior secured revolving credit facility with Dunebridge Worldwid, a company which Mr. Dermot Desmond is the ultimate beneficial owner . The extended [...]
Mountain Province Diamonds Inc. announces the appointment of Mr. Dan Johnson, P.E. to its Board of Directors. An accomplished leader in the mining industry, Mr. Johnson's expertise ranges from mine design, construction, and operations, to finance and corporate management. Mr. Johnson has extensive experience in diamonds and Northern mines, including being the GM of BHP's Ekati Diamond Mine during development through [...]
Mountain Province Diamonds Inc. announces that the nominees listed in the management proxy circular for the 2021 Annual General Meeting of Shareholders were elected as directors of the Company. Detailed results of the vote for the election of directors held at the virtual Annual Meeting on September 14, 2021 are set out below. Nominee Votes For % For Votes Withheld % Withheld Jonathan Comerford 113,817,178 99.35% 739,202 [...]
Mountain Province Diamonds Inc. today provides an update for its 100%-held Kennady North Project. The Kennady North Project covers 22 federal leases and 97 claims that include the new eastern claims that were acquired in early 2020. With the acquisition of the eastern claims, the Kennady North Project now totals 106,202 hectares and completely surrounds the Gahcho Kué Mine. Mountain Province is a 49% participant with De [...]
Mountain Province Diamonds Inc. today announces changes to its Board of Directors. Additionally, the company reminds shareholders of its upcoming virtual Annual General Meeting . Mr. Tom Peregoodoff has tendered his resignation from the Board of Directors with immediate effect. Mr. Peregoodoff joined the board in 2019 and served on the Corporate Governance and Nominating Committee, as well as the Audit and Risk Committee [...]
Mountain Province Diamonds Inc. today its financial and operating results for the second quarter and first half 2021 ended June 30, 2021. All figures are expressed in Canadian dollars unless otherwise noted. Operational Highlights for Second Quarter 2021 811,000 tonnes treated, a 3% increase from the 786,000 tonnes treated in Q2 2020. 1,764,000 carats recovered at an average grade of 2.18 carats per tonne, a 14% increase [...]
Mountain Province Diamonds Inc. today announces production results for the second quarter ended June 30, 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 Q2 2021 earnings release and conference call. The Company will release Q2 2021 financial results after market-close on Wednesday August 4th, 2021, with [...]
Mountain Province Diamonds Inc. today announces the results of its second quarter diamond sales and the Company's upside share of profits from the Diamond Sales Agreement with Dunebridge dated June 11, 2020. All figures are expressed in Canadian dollars unless otherwise noted The Company is pleased to report the completion of its sales for the quarter, with 718,549 carats sold for total proceeds of $64.5 million [...]
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 [...]