Brief: Mountain Province Diamonds Says Drawn Us$25 Mln From Revolving Credit Facility Amid Uncertainty Surrounding COVID-19 Pandemic

Mountain Province Diamonds

20/04/2020 12:35

April 20 (Reuters) - Mountain Province Diamonds Inc
 MPVD.TO :
    * MOUNTAIN PROVINCE DIAMONDS ANNOUNCES FIRST QUARTER 2020
PRODUCTION AND SALE RESULTS AND PARTIAL DRAWDOWN OF CREDIT
FACILITY
    * MOUNTAIN PROVINCE DIAMONDS - DRAWN US$25 MILLION FROM
REVOLVING
CREDIT FACILITY AMID UNCERTAINTY SURROUNDING COVID-19 PANDEMIC
    * MOUNTAIN PROVINCE DIAMONDS - CO, JV PARTNER, DE BEERS
CANADA ARE
REVIEWING ALL CAPITAL, EXPLORATION EXPENSES
    * MOUNTAIN PROVINCE DIAMONDS - CO & JV PARTNER, DE BEERS
CANADA
WILL BE HALTING MOST LONG-TERM AND NONCORE PROJECTS DURING THIS
TIME
    * MOUNTAIN PROVINCE DIAMONDS -  9.4 MILLION TOTAL TONNES
MINED IN
Q1, A 2% DECREASE ON COMPARABLE PERIOD
    * MOUNTAIN PROVINCE DIAMONDS - 1.03 MILLION ORE TONNES MINED
IN
Q1, A 70% INCREASE ON COMPARABLE PERIOD
    * MOUNTAIN PROVINCE DIAMONDS - 902,506 ORE TONNES TREATED IN
Q1, A
4% INCREASE ON COMPARABLE PERIOD
    * MOUNTAIN PROVINCE DIAMONDS - AS A RESULT OF COVID-19
PANDEMIC,
FULL YEAR 2020 PRODUCTION GUIDANCE WILL BE REVISED

Source text for Eikon:  ID:nCNWPTtxra 
Further company coverage:  MPVD.TO 

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