Canadian Mining Journal

Mountain Province Diamonds Inc

  • News

    Mountain Province taps Dunebridge for US$33M loan

    May 13, 2021 by Canadian Mining Journal Staff

    Citing “serious financial difficulty,” Mountain Province Diamonds (TSX: MPVD) has again tapped its largest shareholder for a loan, this time adding a US$33-million term loan facility to its existing US$25-million revolving credit facility with Dunebridge Worldwide. Mountain Province owns a

  • News

    Gahcho Kué, Brucejack mines grapple with Covid outbreaks

    February 8, 2021 by Canadian Mining Journal Staff

    De Beers and Mountain Province Diamonds have suspended operations at their jointly owned Gahcho Kué diamond mine, 280 km north of Yellowknife, as they work to contain a Covid-19 outbreak that began last week. In addition to two cases in

  • News

    Sale of Ekati mine to Arctic Canadian Diamond closes

    February 4, 2021 by Canadian Mining Journal Staff

    Dominion Diamond‘s sale of Canada’s first diamond mine, Ekati, to Arctic Canadian Diamond Company has been completed. Full operations at the site, which had been placed on care and maintenance at the beginning of the pandemic last March, resumed on

  • Mountain Province’s first diamond sale of 2021 shows 8% price rise

    January 25, 2021 by Canadian Mining Journal Staff

    After a devastating 2020 which saw a near collapse in the global diamond trade, Mountain Province Diamonds‘ latest sales figures show the sparkle may be starting to return to the diamond sector. The 49%-owner of the Gahcho Kué mine in

  • Mountain Province sees ‘positive momentum’ in battered diamond market

    November 5, 2020 by Canadian Mining Journal

      Since resuming regular diamond tenders in September, Mountain Province Diamonds has seen prices for its goods start to rise. In fact, the diamond junior, which owns a 49% stake in the Gahcho Kué mine in the Northwest Territories, says

  • News

    Diamond market shows signs of revival

    October 19, 2020 by Alisha Hiyate

    After being virtually shut down since March, the diamond market has slowly come back to life. This fall, De Beers, the world’s largest diamond producer by value, has reported a growing momentum in sales. Several small producers also reported their

  • Mountain Province resumes diamonds sales in Antwerp

    September 21, 2020 by Canadian Mining Journal

    Mountain Province Diamonds held its first traditional diamond sale since the pandemic began on Sept. 19 in Antwerp. And while the sales figures are modest, the resumption of diamond sales is a major positive development for the diamond sector, which

  • DIAMONDS: Mountain Province looks to biggest shareholder for revenue, refinancing

    August 19, 2020 by Canadian Mining Journal

    TORONTO – Mountain Province Diamonds‘ biggest shareholder is once again providing a lifeline to the diamond miner, which has been starved of revenue since the coronavirus pandemic began in March. After closing a $50-million alternative diamond sale deal in June

  • News

    Diamonds Snapshot: Six juniors staying in the game

    June 16, 2020 by Alisha Hiyate

    For companies without the size and heft of the big producers De Beers and Alrosa, the diamond space has always been a challenging one – even before the coronavirus pandemic. But with long-term fundamentals that point to a bright future

  • DIAMONDS: Mountain Province arranges $50M alternative diamond sale

    June 8, 2020 by Canadian Mining Journal

    TORONTO – With the diamond trade still largely shut down due to the coronavirus pandemic, Mountain Province Diamonds has found a way to bring in much needed revenue with a $50-million sale of rough to a company owned by its

  • News

    MINING PEOPLE: Freeman Gold, Golden Tag, Heatherdale Resources, New Pacific Metals, Skeena

    June 4, 2020 by Canadian Mining Journal

    Management moves announced this week include: Dean Besserer is now VP of exploration with Freeman Gold. Golden Tag Resources has named Greg McKenzie president, CEO and a director with Carmelo Marrelli appointed to the CFO role. Will Ansley is now

  • DIAMONDS: Coronavirus curbs Mountain Province revenue

    March 25, 2020 by Alisha Hiyate

    Unlike many other mines in Canada and around the world that have been put on care and maintenance in the last week because of the global COVID-19 pandemic, De Beers‘ (51%-owned) and Mountain Province Diamonds‘ (49%-owned) Gahcho Kué mine in