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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Post by dabard51on Aug 27, 2018 7:10pm

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Post# 28526174

Related Party Transactions

Any "Related Party Transactions" (and DD, Bottin, & IIU are all listed as "Related Party") are found on pages 31 and 70 of the 2017 Annual Report. Listed FY2017 amounts are C$0, C$0, and C$82k (for Chairman of Board expenses). Management fees go to deBeers, which is ALSO listed as a "Related Party" (51% partner in the GK venture). That DD/Bottin took down 20% of the US$330MM bond offering in December of 2017 is not reported as a "related party" transaction. DD's participation in that offering came only in the press releases. Cheers.

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