MOUNTAIN PROVINCE DIAMNDS - MPVDF STOCK NEWS

Mountain Province Diamonds Inc. (TSX: MPVD) (OTCQX: MPVD) has announced the filing of a technical report for its Gahcho Kué Diamond Mine. The report, titled "Gahcho Kué Mine NI 43-101 Technical Report," has an effective date of April 22, 2024, and provides an updated life of mine plan along with revised Mineral Resource and Reserve estimates.

The 2024 Technical Report, prepared in accordance with National Instrument 43-101, supports the disclosure made in the Company's August 21, 2024 news release. It was prepared by independent Qualified Persons Tysen Hantelmann and Mike Makarenko. The report is now available on SEDAR+ and the Company's website, offering comprehensive information on the mine's resources, reserves, and future operational plans.

Mountain Province Diamonds Inc. has announced an updated life of mine plan and mineral resource/reserve estimate for the Gahcho Kué Mine. Key highlights include:

- Mountain Province's 49% share of operating cash flow from remaining open pit mining is estimated at $626 million
- Ore processing is now estimated to finish in early 2031, extended from 2030
- Total diamond recovery from 2024-2031 is estimated at 36.3 million carats, up from 30.8 million previously
- Updated mineral reserves of 23.6 Mt at 1.47 carats/tonne for 34.6 million carats
- Indicated mineral resources of 24.7 Mt at 1.57 carats/tonne for 38.8 million carats

The updated plan reflects engineering work to steepen pit walls, allowing additional kimberlite to be mined. A supporting NI 43-101 technical report will be filed within 45 days.

Mountain Province Diamonds (TSX: MPVD) (OTC: MPVD) announced Q2 2024 production and sales results from the Gahcho Kué Diamond Mine. Key highlights include:

- 1,318,680 carats recovered, down 2% year-over-year
- Average grade of 1.37 carats per tonne, 24% lower than Q2 2023
- 971,311 ore tonnes mined, up 63% year-over-year
- 965,984 ore tonnes treated, up 29% year-over-year

Sales results show 557,361 carats sold for $56.8 million (US$41.5 million), averaging $102 per carat. The diamond market remains soft, with lower-than-expected demand from China. The company will release Q2 2024 financial results on August 7, 2024, followed by a conference call on August 8, 2024.

Mountain Province Diamonds Inc. announces its financial results for the first quarter of 2024, reporting 938,000 carats sold with proceeds of $89.4 million, adjusted EBITDA of $50.0 million, and net income of $6.8 million. Operational highlights include 805,557 ore tonnes treated, 1,264,887 carats recovered, and an average grade of 1.57 carats per tonne. Sales comparisons show a decrease in carats sold and average price per carat from Q1 2023. The company's President expects positive changes in the mine plan to boost future results.

Mountain Province Diamonds announces first quarter 2024 production and sales results, detailing a decrease in carats recovered but an increase in ore tonnes mined and treated. Sales figures show a decrease in total carats sold and average price per carat compared to Q1 2023. The Company's CEO highlights positive safety milestones and improved process plant performance metrics for the quarter.

Mountain Province Diamonds Inc. reports financial results for Q4 2023 and FY 2023, highlighting a 43% improvement in safety KPI, adjusted EBITDA of $165.0 million, total sales revenue of $328.6 million, and net loss of $43.7 million. Operational metrics show improvements in tonnes mined and treated. Market challenges affected diamond sales, with softening demand in the US and Europe. CEO Mark Wall discusses strategic decisions and future outlook.

Mountain Province Diamonds Inc. announces revised details for its Q4 and full-year 2023 earnings release and conference call due to a delay in the financial audit process. The financial results will be released on April 1st, 2024, with the conference call scheduled for April 2nd, 2024.

Mountain Province Diamonds Inc. (MPVD) reports Q3 2023 financial results with 478,653 carats sold for $60.3 million, Q3 Adjusted EBITDA of $25.1 million, and net loss of $13.4 million. The company will pause discretionary spending to focus on cash generation due to challenges in the rough diamond market.

Mountain Province Diamonds Inc. announces Q3 2023 operating and sales results