Mountain Province Diamonds

Website: www.mountainprovince.com
Primary ticker: TSX:MPVD; NASDAQ:MPVD
Stage of development: Production
Primary minerals: Diamonds
Project to promote: Gahcho Kue Diamond Mine

Live financials

Mountain Province Diamonds is a Canadian diamond mining company headquartered in Toronto, Ontario. In joint venture with De Beers, Mountain Province operates the world’s largest and richest new diamond mine-Gahcho KuĂ©-located in Canada’s Northwest Territories.

Management Profile

Stuart Brown, President & CEO

Mr. Stuart Brown is the Company’s President and CEO effective July 1, 2018. Mr. Brown has over 25 years of experience in the diamond industry, where he has gained a wealth of experience across all aspects throughout the diamond pipeline from exploration, mine development and operations to the selling and marketing of diamonds. In 2006, after numerous roles within DeBeers over a period of 14 years, Mr. Brown was appointed as the De Beers Group Chief Financial Officer. He held that position for over five years, and in 2010 was appointed joint acting CEO to run De Beers’ global activities in addition to his CFO duties. Mr. Brown holds a Bachelor of Accounting Science from the University of South Africa.


What is your rationale for attending 121 Mining Investment?

New Investors


What recent news would you like to highlight to investors attending?

New Mine Plan


What are your key goals for the next 3, 6 and 12 months?

3 Months:
Operation Optimization

6 Months:
Integration of exploration assets into a new mine plan

12 Months:
Permitting and execution of development projects


What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Low diamond prices and overall market sentiment


In a sentence, what do you think makes your company such a compelling investment?

High quality asset with ability to service debt and generate substantial free cash, even in such a low diamond price environment with high leverage to potential rebound in diamond prices