Mountain Province Diamonds Announces Management Changes
TORONTO and NEW YORK, Jan. 19, 2022 – Mountain Province Diamonds Inc. (“Mountain Province”, the “Company”) (TSX: MPVD) (OTCQX: MPVD) is pleased to announce the appointment of Steven Thomas as Vice President Finance, Chief Financial Officer & Corporate Secretary, April Hayward as Chief Sustainability Officer and Matt MacPhail as Chief Technical Officer.
Mr.Steven Thomas has joined the company as Vice President Finance, Secretary & Chief Financial Officer (CFO). Mr. Thomas brings some 25 years of experience and significant knowledge of the sector having spent almost 10 years as the CFO of DeBeers Canada as well as the CFO for Goldcorp’s Canadian operations and CFO of TSX listed Torex Gold.
Dr.April Hayward has joined the company as the Chief Sustainability Officer (CSO). Dr. Hayward has long and deep experience in the Northwest Territories, and the Gahcho Kué mine and Kennady exploration projects. Dr. Hayward has a Ph.D. in ecology and is deeply passionate about sustainability in Canada’s North.
Mr.Matt MacPhail has been appointed as the Chief Technical Officer (CTO) of the company. Mr. MacPhail is a Professional Mining Engineer and was previously the Vice President of Corporate Development and Technical Services. Mr. MacPhail will work on optimizing the Life of Mine Plans for the operation as well as supporting exploration and business development matters.
Dr. Tom McCandless will continue as Vice President and Head of Exploration for the company. Dr. McCandless has more than 40 years of experience with over 20 years in the exploration and development of +500-million-year-old kimberlites with irregular shapes and KIM dispersion patterns that are prevalent at both the Gahcho Kué Mine and the Kennady North Project. Dr. McCandless has a Ph.D. in Geochemistry and an Adjunct Professor at the University of Alberta and University of Arizona.
Mr. Reid Mackie will continue as Vice President and Head of Diamond Sales and Marketing for the company. Mr. Mackie is an industry veteran in diamond sales and marketing, having previously held senior roles at Ashton Mining, Rio Tinto Diamonds and Argyle Pink Diamonds. To date, Mr. Mackie has successfully introduced several new rough diamond productions to market, pioneered the use of competitive rough diamond tenders by diamond miners and oversaw the iconic Argyle Pink Diamond brand.
Mr. Perry Ing will remain the CFO until February 19 and support the transitional period, whereafter he will support the incoming CFO for a short period to ensure continuity.
Mountain Province Diamonds President & CEO, Mark Wall Commented
“Firstly, I would like to thank out outgoing CFO Perry Ing for his hard work in stabilizing the company over the past several years and supporting the transition.
After recently taking over the role of President & CEO I am very excited to announce this incredibly strong leadership team to advance Mountain Province Diamonds. Our Strategy is to execute on the following:
- Safety, Finance and Operations. Optimize operational performance and cost management – drive the bottom line at Gahcho Kué operations
- Focus on the Environment, Sustainability & Emissions reduction. Find ways to reduce our carbon footprint while delivering shared value to our local partners and communities
- Manage Debt. Position the company as a financially strong long-term Canadian producer
- Extend the Mine Life. Extend the LOM of the Gahcho Kué property through near mine exploration, both open pit and underground
- Find New Mines. Pursue exploration success on the +107,000 hectares of highly prospective ground adjacent to the Gahcho Kué operation that is 100% owned by Mountain Province Diamonds
We now have an incredible team to execute on this Strategy.
Our CFO Steve brings significant diamond sector as well as public company experience. Steve will be able to integrate seamlessly with our joint venture partner having been the CFO of DeBeers Canada for 10 years.
Our CSO April is a passionate Sustainability professional with significant experience in Canada’s North and a true passion to materially improve our sustainability ESG focus and performance.
Our CTO Matt is a smart and energetic mining engineer, one of those technical people who are highly sought after in our industry. We are very lucky to have him.
Our VP & Head of Exploration Tom is a deeply knowledgeable geologist who incredibly experienced in finding Kimberlites in Canada’s North. Tom is key to our strategy of ‘finding new mines’.
Our VP & Head of Diamond Sales and Marketing Reid is very well known in the industry, an expert in his field. His proven track record of successfully marketing the famous Argyle pink and yellow diamonds is a testament to his capabilities.
I can’t think of a better team in the industry to take the Company forward to success.”
About the Company
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. The Gahcho Kué Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company also controls 107,373 hectares of highly prospective mineral claims and leases surrounding the Gahcho Kué Mine that include an Indicated mineral resource for the Kelvin kimberlite and Inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) in 8.50 million tonnes (Mt) at a grade of 1.60 carats/tonne and value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct in 1.87Mt at a grade of 1.04 carats/tonne and value of US$75/carat. All resource estimations are based on a 1mm diamond size bottom cut-off.
For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company’s website at www.mountainprovince.com.
The disclosure in this news release of scientific and technical information regarding Mountain Province’s mineral properties has been reviewed and approved by Tom E. McCandless, Ph.D., P.Geo., and Matthew MacPhail, P.Eng, MBA, both employees of Mountain Province Diamonds and Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information: Mark Wall, President and CEO, 161 Bay Street, Suite 1410, Toronto, Ontario M5J 2S1, Phone: (416) 361-3562, E-mail: [email protected]; Matthew MacPhail, Chief Technical Officer, 161 Bay Street, Suite 1410, Toronto, Ontario M5J 2S1, Phone: (416) 361-3562, E-mail: [email protected]