Mountain Province Diamonds (OTCMKTS:MPVDF) is a Canada-based mineral exploration and diamond producer, best known for its co-ownership of the Gahcho Kué diamond mine in Canada’s Northwest Territories. Established to explore and develop diamond-bearing kimberlite pipes, the company’s primary asset is held in a joint venture with De Beers Canada, focusing on the extraction and sale of rough diamonds. Mountain Province Diamonds operates under the OTC Markets symbol MPVDF and maintains corporate offices in Toronto, Ontario, as well as a regional presence in Yellowknife to support on-site mine operations and community engagement.
The Gahcho Kué project represents one of the world’s largest new diamond mines, comprising a cluster of kimberlite pipes situated approximately 280 kilometres northeast of Yellowknife. Production commenced in 2016 following extensive feasibility studies and construction activities, with the mine operating as an open-pit facility. On-site processing facilities recover and sort rough diamonds, which are then sold through global tender and auction channels. The project’s design incorporates modular plant expansions and tailored waste management systems to optimize ore recovery and minimize environmental impact.
Mountain Province Diamonds traces its exploration roots to discoveries made in the early 1990s, when the identification of the Kennady North kimberlite field prompted further studies. The company advanced through successive resource delineation phases, securing necessary permits and forging partnerships with local Indigenous governments, including the Akaitcho Dene First Nations and the Tłı̨chǫ Government. Its development strategy emphasizes responsible resource stewardship, with initiatives in water management, wildlife protection and progressive reclamation integrated into the mine’s operational plan.
The company is directed by a management team with extensive experience in diamond exploration, mining engineering and corporate governance. In April 2020, Andrew Kaip was appointed President and Chief Executive Officer, bringing decades of industry expertise, while the board of directors provides oversight on strategic planning and risk management. Mountain Province Diamonds continues to focus on sustaining production levels, exploring potential resource expansions and maintaining strong relationships with stakeholders across the Northwest Territories and international diamond markets.
