Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.

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Mountain Province Diamonds Inc

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Comment by tinytoton Mar 21, 2019 11:14pm

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Post# 29521025

RE:RE:RE:RE:Unrealized Loss

Macloud1 wrote:
The loss on the bonds that we did repurchase is already accounted for because we repaid them at the actual exchage rate of the day they were paid. We repaid $20,060,000 which cost us $26,366,000. If the dollar would have been the same it would have only cost us $25,217,000.

How was the loss of $1,149,000 ($26,366,000 - $25,217,000) reported? As a "Foreign Exchange Loss"? If not, where is it shown, and what is it called, since it is a realized loss, correct?

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How a junior advances one of the largest undeveloped diamond projects