- CEO
- Jonathan Christopher James Comerford
- Full Time Employees
- 7
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- 151 Yonge Street Toronto ON Canada M5C 2W7
- IPO Date
- Jan 22, 1999
- Business
- Mountain Province Diamonds Inc. (TSX: MPVD) engages in the exploration, mining, and marketing of rough diamonds from Canada's Northwest Territories. The company holds a 49% interest in the Gahcho Kué joint venture diamond mine with De Beers Canada, which features multiple kimberlites including the high-grade 5034-NEX orebody; it also owns 100% of the mineral rights to the Kennady North Project, encompassing highly prospective claims exceeding 96,000 hectares with indicated resources at the Kelvin kimberlite (13.62 million carats in 8.50 million tonnes at 1.60 carats per tonne and US$63 per carat) and inferred resources at the Faraday kimberlites. Mountain Province Diamonds independently markets and sells its share of rough diamonds through select partners, emphasizing provenance from natural Canadian sources, and supplies these to global markets. Founded in 1986 and headquartered in Toronto, Ontario, the company operates exclusively in Canada with a focus on the Northwest Territories' arctic tundra regions, targeting diamond buyers and processors while committing to indigenous communities and environmental stewardship. Recent operational advances include completion of waste stripping to access the 5034-NEX orebody in Q3 2025, boosting processed grades to 1.18 carats per tonne and enabling sustained high-grade mining into Q4 2025 and 2026; in November 2025, the company amended terms of its CAD33 million working capital facility with related-party Dunebridge Worldwide Ltd., extending advance periods, repayment mechanics, and principal due dates to March 31, 2026, to support liquidity ahead of improved cash flows from higher-grade production.