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/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.
Mountain Province Diamonds (MPVD) has released its Q1 2025 production and sales results from the Gahcho Kué Diamond Mine. The quarter saw 762,978 carats recovered, marking a 40% decrease from Q1 2024. Production metrics showed significant changes with a 48% decrease in grade to 0.82 carats per tonne and zero ore tonnes mined as all ore treated came from stockpiles.
Total tonnes mined increased by 28% to 10,092,47 tonnes, while ore tonnes treated rose 15% to 925,773 tonnes. Sales performance showed 426,268 carats sold for $44 million (US$30.7 million), averaging $103 per carat. The company is currently focused on stripping waste to access the high-grade NEX orebody, expected by the end of Q2.
Mountain Province Diamonds (MPVD) has released its financial and operating results for Q4 and full-year 2024. The company faced significant challenges with total sales revenue declining to $267.7 million from $328.6 million in 2023, while reporting a net loss of $80.8 million ($0.38 per share).
Key operational metrics showed mixed results, with a 41% increase in ore tonnes mined and 12% increase in tonnes treated, but diamond recovery decreased to 4.66 million carats at 1.28 carats per tonne, down 16% from 2023. The average realized diamond price dropped to $98 per carat from $121 in 2023.
Notable achievements include a 60% improvement in safety performance and record processing plant throughput of 3.63 million tonnes. The company recently completed a refinancing transaction to address bonds due in 2025, positioning for expected higher production in 2026 when the high-grade NEX orebody comes online.
Mountain Province Diamonds (TSX: MPVD) has successfully completed its previously announced refinancing transactions. The company has secured a US$20M bridge credit facility from Dunebridge Worldwide and received 100% approval from holders of its Second Lien Notes for restructuring.
Key aspects of the refinancing include addressing reclamation liabilities owed to De Beers (GK Mine operator), providing capital for the 2025 near cash flow deficit, and extending Second Lien Notes maturity to December 2027. The amended terms include deferring the next interest payment to June 15, 2026, with an increased interest rate of 9.6075% on the US$177 million outstanding notes.
The Toronto Stock Exchange has granted the company an exemption from disinterested security holder requirements, but consequently placed MPVD's common shares under delisting review, with continued listing not guaranteed.
