Mountain Province Diamonds Inc. is a Canadian-based diamond producer primarily engaged in the development, operation and marketing of rough diamonds. The company holds a 49% interest in the Gahcho Kué Diamond Mine, one of the world’s largest new diamond deposits, located in the Northwest Territories of Canada. Through its joint venture with De Beers Canada, Mountain Province Diamonds contributes to the extraction and sale of high‐quality gem and near‐gem diamonds suited for global jewelry markets.
The Gahcho Kué mine commenced commercial production in the mid-2010s and draws ore from multiple kimberlite pipes near Kennady Lake. Production activities include open-pit mining, ore processing, diamond recovery and sorting. The recovered rough diamonds are marketed internationally, serving customers in Asia, Europe and North America through long-term offtake agreements and competitive tenders.
Mountain Province Diamonds was incorporated in Ontario and completed its initial public offering on the Toronto Stock Exchange in 2013. Its American depository receipts trade on the OTC Market under the symbol MPVDF. Since commissioning the Gahcho Kué project, the company has focused on optimizing operational performance, extending mine life through ongoing evaluation of adjacent kimberlite prospects and maintaining strong safety and environmental standards.
Headquartered in Toronto, Ontario, Mountain Province Diamonds is led by an executive team with extensive expertise in mining, geology and capital markets. The company’s board of directors and management team emphasize disciplined cost control, stakeholder engagement with Indigenous and northern communities, and sustainable practices to underpin long-term value creation for shareholders.
AI Generated. May Contain Errors.
Free MPVDF Stock Alerts