Mountain Province Diamonds Announces Second Quarter 2021 Production Results, Details of Earnings Release and Conference Call prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
/PRNewswire/ - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD) (OTCQX: MPVD) today announces the results of its second quarter.
TSX and OTCQX: MPVD Mountain Province Diamonds Inc. today announces the results of its second quarter diamond sales and the Company's upside share of profits from the Diamond Sales Agreement with Dunebridge dated June 11, 2020 . All figures are expressed in Canadian dollars unless otherwise noted The Company is pleased to report the completion of its sales for the quarter, with 718,549 carats sold for total proceeds .
Mountain Province taps Dunebridge for US$33M loan northernminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from northernminer.com Daily Mail and Mail on Sunday newspapers.
$33m Loan helps Mountain Province through Covid Liquidity Issues May 13, 21 by
(IDEX Online) - Mountain Province Diamonds has arranged a short-term $33m loan with Irish billionaire Dermot Desmond, to ease its near term liquidity needs .
The Canadian miner has struggled with the three-week Covid-enforced closure of its Gahcho Kue mine (
pictured), which in turn forced it to cancel its May diamond sale in Antwerp.
That, combined with the high costs of maintaining its winter access road, left it seeking funds from Desmond s Dunebridge Worldwide Ltd, which holds a 32 per cent stake.
Stuart Brown, the company s president a
nd CEO, said a news release yesterday that he expected to make up the lost production, revenue and cash generation, allowing it to repay this loan by the end of the year.