Shares Issued and Outstanding: 160,245,166
TSX and
NASDAQ: MPVD
TORONTO and NEW YORK, March 22,
2018 /CNW/ - Mountain Province Diamonds Inc.
("Mountain Province", or the "Company") (TSX and NASDAQ: MPVD)
today announces it will release its 2017 Fourth Quarter and
Year-End results on Monday, March 26,
2018, after market close in Toronto and New
York.
The Company will host a conference call to discuss the results
on Tuesday, March 27, 2018 at
11:00 a.m. Eastern Time. Please
call in 10 minutes before the conference call starts and stay on
the line. Operator assistance will be available if
necessary.
Conference Call Dial-In Details:
Conference
ID:
|
9468709
|
Date of
call:
|
03/27/2018
|
Time of
call:
|
11:00 Eastern
Time
|
Expected
Duration:
|
60 minutes
|
|
|
Participant Toll-Free
Dial-In Number:
(866) 300-0510
|
Participant
International Dial-In Number: (636)
812-6656
|
|
|
Replay:
|
|
Toll-Free
Dial-In:
|
(855)
859-2056
|
International
Dial-In:
|
(404)
537-3406
|
Passcode:
|
9468709
|
A replay will also be available on the Company's website.
Mountain Province Diamonds is a 49% participant with De
Beers Canada in the Gahcho Kué diamond mine located in Canada's Northwest Territories. Gahcho
Kué is the world's largest new diamond mine and projected to
produce an average of 4.5 million carats a year over an initial
12-year mine life.
The Gahcho Kué Diamond Mine consists of a cluster of four
diamondiferous kimberlites, three of which are being developed and
mined under the current mine plan.
Caution Regarding Forward Looking
Information
Cautionary Statement: This press release
contains certain "forward-looking statements" and "forward-looking
information" under applicable Canadian and United States securities laws concerning the
business, operations and financial performance and condition of
Mountain Province Diamonds Inc. ("Mountain Province").
Forward-looking statements and forward-looking information include,
but are not limited to, statements with respect to estimated
production and mine life of the project of Mountain Province; the realization of mineral
reserve estimates; the timing and amount of estimated future
production; costs of production; the future price of
diamonds; the estimation of mineral reserves and resources; the
ability manage debt; capital expenditures; the ability to obtain
permits for operations; liquidity; tax rates; and currency exchange
rate fluctuations. Except for statements of historical fact
relating to Mountain Province,
certain information contained herein constitutes forward-looking
statements. Forward-looking statements are frequently characterized
by words such as "anticipates," "may," "can," "plans," "believes,"
"estimates," "expects," "projects," "targets," "intends," "likely,"
"will," "should," "to be", "potential" and other similar words, or
statements that certain events or conditions "may", "should" or
"will" occur. Forward-looking statements are based on the opinions
and estimates of management at the date the statements are made,
and are based on a number of assumptions and subject to a variety
of risks and uncertainties and other factors that could cause
actual events or results to differ materially from those projected
in the forward-looking statements. Many of these assumptions are
based on factors and events that are not within the control of
Mountain Province and there is no
assurance they will prove to be correct.
Factors that could cause actual results to vary materially
from results anticipated by such forward-looking statements include
variations in ore grade or recovery rates, changes in market
conditions, changes in project parameters, mine sequencing;
production rates; cash flow; risks relating to the availability and
timeliness of permitting and governmental approvals; supply of, and
demand for, diamonds; fluctuating commodity prices and currency
exchange rates, the possibility of project cost overruns or
unanticipated costs and expenses, labour disputes and other risks
of the mining industry, failure of plant, equipment or processes to
operate as anticipated.
These factors are discussed in greater detail in Mountain Province's most recent Annual
Information Form and in the most recent MD&A filed on SEDAR,
which also provide additional general assumptions in connection
with these statements. Mountain
Province cautions that the foregoing list of important
factors is not exhaustive. Investors and others who base themselves
on forward-looking statements should carefully consider the above
factors as well as the uncertainties they represent and the risk
they entail. Mountain Province
believes that the expectations reflected in those forward-looking
statements are reasonable, but no assurance can be given that these
expectations will prove to be correct and such forward-looking
statements included in this press release should not be unduly
relied upon. These statements speak only as of the date of this
press release.
Although Mountain Province
has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors
that cause actions, events or results not to be anticipated,
estimated or intended. There can be no assurance that
forward-looking statements will prove to be accurate, as actual
results and future events could differ materially from those
anticipated in such statements. Mountain
Province undertakes no obligation to update forward-looking
statements if circumstances or management's estimates or opinions
should change except as required by applicable securities laws. The
reader is cautioned not to place undue reliance on forward-looking
statements. Statements concerning mineral reserve and resource
estimates may also be deemed to constitute forward-looking
statements to the extent they involve estimates of the
mineralization that will be encountered as the property is
developed.
Further, Mountain Province
may make changes to its business plans that could affect its
results. The Principal assets of Mountain
Province are administered pursuant to a joint venture under
which Mountain Province is not the
operator. Mountain Province
is exposed to actions taken or omissions made by the operator
within its prerogative and/or determinations made by the joint
venture under its terms. Such actions or omissions may impact
the future performance of Mountain
Province. Under its current project finance facility
Mountain Province is not permitted
to pay dividends on common stock unless and until obligations under
the facility have been satisfied. The declaration of dividends is
at the discretion of Mountain
Province's Board of Directors, subject to restrictions under
the Company's project finance facility, and will depend on
Mountain Province's financial
results, cash requirements, future prospects, and other factors
deemed relevant by the Board.
SOURCE Mountain Province Diamonds Inc.