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; OTC: MPVD) successfully completed its first analyst site tour since 2019 on July 20, 2022. The site tour showcased the Gahcho Kué Mine and the Kelvin Exploration Camp. The company also announced the repurchase of approximately US$26.4 million in Senior Secured Second Lien Notes for around US$25.4 million. Following these transactions, US$273.5 million of the Notes will remain outstanding. Additionally, Mountain Province will release its Q2 2022 earnings on August 9, 2022, followed by a conference call on August 10, 2022.
Mountain Province Diamonds has announced interim exploration results for the Kennady North Project, covering 107,000 hectares around the Gahcho Kué Diamond Mine. The winter drill program, comprising 6,000 meters, has completed about half. Notably, kimberlite was intersected in 16 of 20 drill holes across 4 target areas. Key highlights include discovering hypabyssal and volcaniclastic kimberlite in the North and South Anomalies. The exploration aims to enhance the diamond production potential and is set to continue into the summer with follow-up programs based on previous results.
Mountain Province Diamonds Inc. (TSX: MPVD, OTCQX: MPVD) announces its fourth quarter and full year 2021 earnings release scheduled for March 28, 2022, after market close. A conference call will follow on March 29, 2022, at 11:00 AM EST. Participants can access the call via the provided toll-free and international dial-in numbers. The Gahcho Kué diamond mine, in which the company holds a 49% stake, continues to show promising mineral resources, including significant estimates of carats and values for Kelvin and Faraday kimberlites.
Mountain Province Diamonds (TSX: MPVD, OTCQX: MPVD) has entered a supply agreement with Chow Tai Fook, a leading jewellery retailer, to provide diamonds on a renewable one-year term. In addition, the company reported a successful diamond sale on February 25, 2022, generating $52.7 million from 322,547 carats, achieving an average price of $163 per carat, marking a new high for Gahcho Kué goods. This sale reflects strong market demand and a 13% increase in indicative market price compared to January's sale.
Mountain Province Diamonds (TSX: MPVD, OTCQX: MPVD) announced that 87% of disinterested shareholders approved a US$50 million debt financing transaction aimed at strengthening its financial position. The company plans to refinance its existing debts later in 2022. Additionally, Mountain Province initiated a 6,000 metre drill and geophysics program on the Kennady North Project. The loan agreement will carry an 8% interest rate until December 2022. The company is also set to receive support from the government for its drilling program.
Mountain Province Diamonds has announced significant management changes with the appointments of Steven Thomas as CFO, April Hayward as Chief Sustainability Officer, and Matt MacPhail as Chief Technical Officer. Thomas brings over 25 years of experience, including a decade as CFO of De Beers Canada. Hayward, an expert in sustainability, and MacPhail, a Professional Mining Engineer, are expected to enhance the company's operational strategy. These changes aim to optimize financial performance and advance sustainability efforts at the Gahcho Kué mine and its surrounding exploration projects.
Mountain Province Diamonds (TSX: MPVD, OTCQX: MPVD) announced a proposed financing arrangement with its largest shareholder, Dermot Desmond, set to provide US$50M of subordinate debt with an 8% interest rate until December 15, 2022. This plan is non-binding, requiring further negotiations and regulatory approvals. Additionally, the company expects to utilize a US$25M revolving facility for ongoing operations, leading to an anticipated US$50M cash flow for debt restructuring by year's end. Share warrants are included in the arrangement, subject to TSX approval.
Mountain Province Diamonds has reported a COVID-19 outbreak at its Gahcho Kué mine in the Northwest Territories, with four cases confirmed. The entire workforce is fully vaccinated, and no material impact on production is anticipated. Increased safety measures were implemented as a response to the rapid spread of the Omicron variant. All other personnel tested negative. The company emphasizes the effectiveness of its safety protocols and expresses gratitude for its partnership with De Beers and Anglo American.
Mountain Province Diamonds has staked three strategic claims in its 100%-held Kennady North Project, increasing the project area by 35%. These claims, connected to existing kimberlite indicators, enhance exploration potential. The total land package now encompasses 107,373 hectares, surrounding the Gahcho Kué Mine, in which Mountain Province holds a 49% interest with De Beers. The company plans a winter 2022 exploration program, including up to 2,000 meters of drilling in the North and South Anomalies, utilizing advanced ARRT technology for better mineral target resolution.
Mountain Province Diamonds (TSX: MPVD) has appointed Mark Wall as President and CEO effective November 15, 2021. Wall brings over 25 years of mining experience, having previously served as CEO of Streamers Gold Mining and held key roles at Nevada Copper and Barrick Gold. His background in joint ventures and sustainability is expected to enhance operational performance and exploration at the Gahcho Kué mine. The company also holds significant exploration claims surrounding the mine, with substantial diamond resources estimated at Kelvin and Faraday kimberlites.
