TORONTO and NEW YORK, May 1,
2018 /PRNewswire/ --
TSX and NASDAQ: MPVD
Mountain Province Diamonds Inc. ("Mountain Province", or the "Company") (TSX and
NASDAQ: MPVD) today announces it will release its 2018 First
Quarter results on Thursday, May 10,
2018, after market close in Toronto and New
York.
The Company will host a conference call to discuss the results
on Friday, May 11, 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: 9788803
Date of call: 05/11/2018
Time of call: 11:00 Eastern Time
Expected Duration: 30 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: 9788803
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, consisting of a cluster of four diamondiferous kimberlites,
three of which are being developed and mined under the initial 12
year 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.
Mountain Province Diamonds Inc., David
Whittle, Interim President and CEO, 161 Bay Street, Suite
1410, Toronto, Ontario M5J 2S1,
Phone: +1-416-361-3562, E-mail: info@mountainprovince.com