Mountain Province Diamonds

Mountain Province Diamonds Announces Full Year and Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, April 2, 2024
JV, Capital expenditure, Public expenditure, Gemstone, Mountain Province Diamonds, Net, Adjustment, De Beers

TORONTO, April 2, 2024 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province Diamonds", or the "Company") (TSX: MPVD) (OTC: MPVD) today announces its financial and operating results for the fourth quarter ("the Quarter" or "Q4 2023") and the full year ended December 31, 2023 ("FY 2023").

Key Points: 
  • The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.
  • Mountain Province Diamonds President and CEO Mark Wall commented:
    "Coming from record 2022 where multiple Company financial records were broken, 2023 saw reduced revenues primarily due to a softening market.
  • Initial stages of a recent G7 sanction banning imports of Russian-origin rough diamonds have increased efforts through the diamond pipeline to track and promote diamond's origin tracing.
  • The following table summarizes the key operating statistics for Q4 2023 and FY 2023, and the previous year, at the Gahcho Kué Mine.

Mountain Province Diamonds Announces Full Year and Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, April 2, 2024
JV, Capital expenditure, Public expenditure, Gemstone, Mountain Province Diamonds, Net, Adjustment, De Beers

The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.

Key Points: 
  • The unrealized foreign exchange gains are a result of the relative strengthening of the Canadian dollar versus the US dollar.
  • Mountain Province Diamonds President and CEO Mark Wall commented:
    "Coming from record 2022 where multiple Company financial records were broken, 2023 saw reduced revenues primarily due to a softening market.
  • Initial stages of a recent G7 sanction banning imports of Russian-origin rough diamonds have increased efforts through the diamond pipeline to track and promote diamond's origin tracing.
  • The following table summarizes the key operating statistics for Q4 2023 and FY 2023, and the previous year, at the Gahcho Kué Mine.

Nighthawk Gold Announces Management Transition

Retrieved on: 
Thursday, December 15, 2022
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Nighthawk Gold Corp. (Nighthawk or the Company) (TSX: NHK; OTCQX: MIMZF) is pleased to announce the appointment of Salvatore Sal Curcio, CPA, CA to the role of Chief Financial Officer (CFO) of the Company effective January 1, 2023.

Key Points: 
  • Nighthawk Gold Corp. (Nighthawk or the Company) (TSX: NHK; OTCQX: MIMZF) is pleased to announce the appointment of Salvatore Sal Curcio, CPA, CA to the role of Chief Financial Officer (CFO) of the Company effective January 1, 2023.
  • Nighthawk President & CEO Keyvan Salehi commented, We are excited with Sals appointment to CFO.
  • Sals experience is critical going forward as we advance the Colomac Gold Project towards the next stages of development.
  • Nighthawk is a Canadian-based gold exploration company with 100% ownership of more than 930 km2 of district-scale land position within the Indin Lake Greenstone Gold Belt, located approximately 200 km north of Yellowknife, Northwest Territories, Canada.

Mountain Province Diamonds Completes Previously Announced Refinancing Transaction

Retrieved on: 
Thursday, December 15, 2022
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TORONTO AND NEW YORK, Dec. 15, 2022 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX : MPVD) (OTC: MPVD) today announces the closing of its previously announced refinancing transaction (the "Transaction") involving the issuance of US$195.0 million aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025 (the "New Notes") to refinance US$189,150,000 aggregate principal amount of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes").

Key Points: 
  • TORONTO AND NEW YORK, Dec. 15, 2022 /PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX : MPVD) (OTC: MPVD) today announces the closing of its previously announced refinancing transaction (the "Transaction") involving the issuance of US$195.0 million aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025 (the "New Notes") to refinance US$189,150,000 aggregate principal amount of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes").
  • About Mountain Province Diamonds Inc.
    Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Mountain Province Diamonds Completes Previously Announced Refinancing Transaction

Retrieved on: 
Thursday, December 15, 2022
Travel, Relational Investors, Indenture, Toronto Stock Exchange, Committee, Mining, Negotiation, OTC, United States Congressional Joint Special Committee on Conditions of Indian Tribes, Note, Multilateral, AND, Knowledge, Hand, Investment, Inference, NPV, COVID-19, Senior, International joint venture, News, Transaction, Michael Faraday, Minority, MI, Public expenditure, Technical report, TSX, De Beers, SEDAR, Risk, Security (finance), Bank, Gemstone, Risk management, Audit, Mountain Province Diamonds, News & Notes

TORONTO AND NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX : MPVD) (OTC: MPVD) today announces the closing of its previously announced refinancing transaction (the "Transaction") involving the issuance of US$195.0 million aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025 (the "New Notes") to refinance US$189,150,000 aggregate principal amount of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes"). The remaining balance of the Existing Notes, which matured today, were repaid with cash on hand.

Key Points: 
  • TORONTO AND NEW YORK, Dec. 15, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province" or the "Company") (TSX : MPVD) (OTC: MPVD) today announces the closing of its previously announced refinancing transaction (the "Transaction") involving the issuance of US$195.0 million aggregate principal amount of its 9.000% Senior Secured Second Lien Notes due 2025 (the "New Notes") to refinance US$189,150,000 aggregate principal amount of the Company's existing 8.000% Senior Secured Second Lien Notes due 2022 (the "Existing Notes").
  • About Mountain Province Diamonds Inc.
    Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Fatality at the Gahcho Kué Mine

Retrieved on: 
Friday, September 2, 2022
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TORONTO and NEW YORK, Sept. 2, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVDF) is saddened to announce a fatal incident at the Gahcho Kué Mine.

Key Points: 
  • STATEMENT FROM DE BEERS GROUP:
    We are deeply saddened to confirm that an employee from a contractor partner company succumbed to injuries sustained in an incident at Gahcho Ku Mine on Thursday, 1 September.
  • Gahcho Ku is located in the Northwest Territories, about 280 km northeast of Yellowknife.
  • Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • The Gahcho Ku Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development.

Mountain Province Diamonds Announces Successful Analyst Site Tour, Repurchases of Senior Secured Second Lien Notes, and Details of Second Quarter 2022 Earnings Release and Conference Call

Retrieved on: 
Monday, July 25, 2022
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TORONTO and NEW YORK, July 25, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTC: MPVD) is pleased to announce the successful completion of its first analyst site tour since 2019, taking place on Wednesday July 20th. The Company also wishes to announce that it has entered into separate, privately negotiated transactions with certain holders of its outstanding 8.000% Senior Secured Second Lien Notes due 2022 (the "Notes") to repurchase for cancellation approximately US$26.4 million aggregate principal amount of the Notes for an aggregate cash repurchase price of approximately US$25.4 million (collectively, the "Repurchases").

Key Points: 
  • Additionally, the company wishes to provide details for the release of its Q2 2022 earnings release and conference call.
  • Mountain Province Diamonds hosted a Site Tour to the Gahcho Ku Mine on July 20th, with financial analysts and advisors in attendance.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Mountain Province Diamonds Announces Results of Annual General Meeting of Shareholders

Retrieved on: 
Thursday, June 30, 2022
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Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.

Key Points: 
  • Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements.
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Mountain Province Diamonds Announces Results of Annual General Meeting of Shareholders

Retrieved on: 
Thursday, June 30, 2022
SEDAR, Bay Street, Board of directors, Integrative communication theory, Travel, Annual general meeting, COVID-19, Public expenditure, De Beers, Company, Industry, Michael Faraday, Suite, National instrument, Mining, Proceedings of the Human Factors and Ergonomics Society Annual Meeting, MBA, Disclosure, Risk, KPMG, Person, KPMG LLP, Board, News, Forward-looking statement, Rare-earth element, Management, Audit, Mountain Province Diamonds

TORONTO and NEW YORK, June 30, 2022 /PRNewswire/ -- Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) announces that the nominees listed in the management proxy circular for the 2022 Annual General Meeting of Shareholders ("Annual Meeting") were elected as directors of the Company.  Detailed results of the vote for the election of directors held at the virtual Annual Meeting on June 30, 2022 are set out below.

Key Points: 
  • Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • Except for statements of historical fact relating to Mountain Province, certain information contained herein constitutes forward-looking statements.
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.

Mountain Province Diamonds Announces Successful Exploration Update for Kennady North

Retrieved on: 
Tuesday, May 17, 2022
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Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.

Key Points: 
  • Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Ku diamond mine located in Canada's Northwest Territories.
  • For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com .
  • Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws.
  • The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator.