Mountain Province Diamonds Inc.

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 [...]

Mountain Province Diamonds announces financial results for the third quarter ended September 30, 2024 from the Gahcho Kué Diamond Mine. Q3 2024 Key Takeaways 679,599 carats were sold for total proceeds of $69.4 million at an average price of $102 per carat. Adjusted EBITDA1 of $17.3 million. Loss from mine operations of $11.0 million. Net loss of $19.0 million or $0.09 basic and diluted loss per share. 1Cash costs of [...]

Mountain Province Diamonds announces production and sales results for the third quarter ended September 30, 2024 from the Gahcho Kué Diamond Mine. Q3 2024 Production Takeaways 1,187,912 carats recovered, 10% less than Quarter 3 2023 Average grade of 1.24 carats per tonne, 18% less than Q3 2023 923,814 ore tonnes mined, 4% more than Q3 2023 961,371 ore tonnes treated, 10% more than Q3 2023 Q3 2024 Production Figures 2024 [...]

Mountain Province Diamonds is pleased to announce the filing of its technical report for the Company's Gahcho Kué Mine entitled, "Gahcho Kué Mine NI 43-101 Technical Report", with an effective date of April 22, 2024. The 2024 Technical Report was prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects and supports the disclosure made by the Company in its August 21, 2024 news [...]

Mountain Province Diamonds is pleased to announce today that it has completed an updated mineral reserve and mineral resource estimate and life of mine plan in respect of the Gahcho Kué Mine. The updated LOM is the result of engineering work done to steepen the pit walls, resulting in realization of further value at the Gahcho Kué mine. In accordance with National Instrument 43-101 - Standards of Disclosure For Mineral [...]

Mountain Province Diamonds announces financial results for the second quarter ended June 30, 2024 from the Gahcho Kué Diamond Mine. Q2 2024 Key Takeaways 557,361 carats were sold for total proceeds of $56.8 million at an average price of $102 per carat. Adjusted EBITDA1 of $24.0 million. Earnings from mine operations of $12.0 million. Net loss of $6.5 million or $0.03 basic and diluted loss per share. 1Cash costs of [...]

Mountain Province Diamonds announces production and sales results for the second quarter ended June 30, 2024 from the Gahcho Kué Diamond Mine. Q2 2024 Production Takeaways 1,318,680 carats recovered, 2% less than last year's comparable quarter Average grade of 1.37 carats per tonne, a 24% difference relative to Q2 2023 971,311 ore tonnes mined, a 63% increase relative to last year's comparable quarter 965,984 ore tonnes [...]

Mountain Province Diamonds is pleased to announce the results of voting by the shareholders for the election of the Board of Directors during the virtual 2024 Annual General Meeting of Shareholders held on June 27, 2024. A total of 96,350,833 common shares were voted at the Annual Meeting, representing approximately 45.54% of the outstanding common shares. Detailed results of the votes for the election of directors held [...]