Welcome to our dedicated page for MPVD news (Ticker: MPVD), a resource for investors and traders seeking the latest updates and insights on MPVD stock.
Mountain Province Diamonds (MPVD) delivers transparent access to critical updates from one of Canada’s premier diamond mining enterprises. This page aggregates official announcements, operational developments, and strategic insights from the company’s core Gahcho Kué mine—a joint venture with De Beers producing high-quality rough diamonds.
Investors and industry observers will find comprehensive coverage of production milestones, technical innovations in open-pit mining, and resource management strategies. Key updates include quarterly performance reports, mineral reserve evaluations, and partnership announcements that shape MPVD’s position in global diamond markets.
All content is curated to provide actionable insights while adhering to strict financial disclosure standards. Users can expect regular updates on cost optimization initiatives, safety protocol enhancements, and market-responsive operational adjustments—critical factors for assessing the company’s long-term value proposition.
Bookmark this page for centralized access to MPVD’s evolving narrative in the natural resources sector. Verify facts directly through primary sources linked within each release, and revisit frequently to stay informed about this technically advanced mining operation.
Mountain Province Diamonds (TSX: MPVD) entered an amending agreement dated Nov 18, 2025 to modify its CAD33,000,000 working capital facility (WCF) with related-party lender Dunebridge. Key amendments: (i) advance period extended from Nov 13, 2025 to Mar 31, 2026; (ii) direct-payment repayment mechanics from diamond proceeds deferred to Feb 28, 2026; and (iii) principal repayment date extended to Mar 31, 2026. The Board approved the Amending Agreement after a Special Committee review; two directors with conflicts abstained. The company relied on MI 61-101 financial difficulty exemptions; Vertigol (beneficial owner >35%) and Dermot Desmond are related parties.
Mountain Province Diamonds (TSX/OTC: MPVD) announced that President & CEO Mark Wall has resigned and will remain with the company until December 19, 2025 to support a transition. The Board and its Nomination Committee will begin the search for a new President & CEO and will provide updates in due course.
The company said mining of the high-grade 5034-NEX orebody commenced during Q3 2025 and that the five-day plant maintenance shutdown was completed in Q3. Mountain Province said the Gahcho Kué mine is now positioned for strong performance in Q4 2025 and 2026.
Mountain Province Diamonds (TSX/OTC: MPVD) reported Q3 2025 operational results from Gahcho Kué: 1,000,887 carats recovered (‑16% YoY) and 1.18 cpt grade. Ore tonnes mined and treated fell ~13% and 12% YoY respectively. The company revised 2025 guidance to 4.0–4.2M carats (was 4.3–4.7M), and raised production cost guidance to $125–$130 per carat and $145–$155 per tonne due to lower grade and release of capitalized costs. Q3 sales were 409,081 carats for $29.2M (~US$21.2M). Earnings release: Nov 11, 2025 after-market; conference call Nov 12, 2025 at 11:00am ET.
Mountain Province Diamonds (TSX/OTC: MPVD) has secured an additional US$10 million under its bridge facility agreement with Dunebridge Worldwide Ltd., increasing the total facility from US$30 million to US$40 million. The additional facility maintains the same 10.5% annual interest rate and March 18, 2026 maturity date as the original facility.
The company will pay Dunebridge a US$1 million facility fee at maturity, subject to disinterested shareholder approval or successful listing transfer to TSX Venture Exchange. The interest rate will increase to 12.5% if not repaid upon maturity. This transaction is being completed under financial difficulty exemptions, with the consideration to insiders valued at CAD2.329 million, representing 20% of the company's market capitalization.
Mountain Province Diamonds (OTC:MPVDF) has issued a correction to its July 10, 2025 news release regarding second quarter 2024 sales figures. The company clarified that the average selling price for Q2 2024 was actually CA$102 per carat (US$74 per carat), not the previously reported CA$166 per carat (US$124 per carat). The correction specifically addresses the pricing information while all other details from the original release remain unchanged.
Mountain Province Diamonds (OTC:MPVDF) reported Q2 2025 production and sales results from its Gahcho Kué Diamond Mine, showing significant operational challenges. The company recovered 708,072 carats, a 46% decrease from Q2 2024, with an average grade of 0.8 carats per tonne, down 41% year-over-year.
Mining operations showed strength with 10.4 million total tonnes mined, a 32% improvement over 2024. Sales reached 411,114 carats for $36.8 million, averaging $90 per carat, compared to $166 per carat in Q2 2024. The company began mining from the 5034 North East Extension (NEX) orebody, with plans to significantly increase NEX production throughout Q3 2025.
The company will release Q2 2025 financial results on August 12th, 2025, followed by an earnings conference call on August 13th.Mountain Province Diamonds (TSX/OTC: MPVD) announces a shareholder meeting on May 16, 2025, seeking approval for a new CAD33 million working capital facility from Dunebridge Worldwide The virtual meeting will be held at 11:00 a.m. EST.
The proposed facility includes key terms:
- 6-month drawdown period starting May 16, 2025
- 10.5% annual interest rate on drawn amounts
- 7% annual interest on undrawn amounts
- USD1 million facility fee
- Maturity date of June 30, 2026
This facility, combined with recent refinancing transactions, aims to address the company's 2025 cash flow requirements and finance operational expenses at the Gahcho Kué diamond mine. The proposal requires disinterested shareholder approval as the total consideration to insiders exceeds 10% of the company's market capitalization.
