Mountain Province Diamonds ( (TSE:MPVD) ) has provided an update.
Mountain Province Diamonds Inc. has announced a series of refinancing transactions aimed at addressing financial challenges anticipated in 2025 due to high operating costs at the Gahcho Kué diamond mine. The transactions include a payment agreement with De Beers, a USD$40 million term loan, and amendments to existing senior secured notes, all designed to support the company’s operations and manage cash flow fluctuations during the year.
More about Mountain Province Diamonds
Mountain Province Diamonds Inc. operates in the diamond mining industry, primarily focusing on the production and sale of rough diamonds. The company holds a 49% interest in the Gahcho Kué diamond mine in the Northwest Territories of Canada, with De Beers holding the remaining 51% and serving as the operator.
YTD Price Performance: -44.30%
Average Trading Volume: 46,174
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $9.67M
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