Mountain Province Diamonds Inc. (T:MPVD)
Business Focus: Diamond Mining
| Sector: Basic Materials | Industry: Non-Gold Precious Metals & Minerals |
| Company Contact | |
| Address: | 161 Bay Street, Suite 1410, P.O. Box 216 TORONTO ON M5J 2S1 |
| Tel: | N/A |
| Website: | https://www.mountainprovince.com |
| IR: | See website |
| Key People | ||
| Mark Lindsay Wall President, Chief Executive Officer, Director | Steven J. Thomas Chief Financial Officer, Vice President - Finance, Corporate Secretary | Matthew MacPhail Chief Technical Officer |
| Reid Mackie Vice President, Head of Diamond Sales and Marketing | Tom Elden Mccandless Vice President, Head of Exploration | April Hayward Chief Sustainability Officer |
| Business Overview |
| 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Mountain Province Diamonds Inc revenues decreased 15% to C$328.6M. Net loss totaled C$43.7M vs. income of C$49.2M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net loss reflects Impairment of Fixed Assets increase from C$0K to C$104.6M (expense), Other income decrease of 47% to C$3.4M (income). |
| Employees: | 11 as of Dec 31, 2018 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $316.38M as of Dec 31, 2023 |
| Annual revenue (TTM): | $328.63M as of Dec 31, 2023 |
| EBITDA (TTM): | $171.36M as of Dec 31, 2023 |
| Net annual income (TTM): | -$43.67M as of Dec 31, 2023 |
| Free cash flow (TTM): | $60.11M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $277.21M as of Dec 31, 2023 |
| Shares outstanding: | 211,559,588 as of Dec 31, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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