Mountain Province Diamonds Production Report for the Second Quarter ended June 30, 2017

TORONTO and NEW YORK, July 20, 2017  - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces production results for the second quarter ended June 30, 2017 from the Gahcho Kué Diamond Mine ("GK Mine").
 
Highlights
The second quarter of 2017 represented the first full quarter of commercial production for the GK Mine, as commercial production was declared on March 1, 2017.
 
Mining of overburden, waste rock and ore in the 5034 open pit for the second quarter was approximately 8.4 million tonnes, with approximately 396,000 tonnes of ore (100 percent basis) stockpiled at period end.
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Dominion to be acquired at $14.25 (U.S.) a share

US$1.2 Billion Acquisition Represents 44% Premium to Dominion’s Unaffected Share Price
 
YELLOWKNIFE, Northwest Territories & MISSOULA, Mont. --  Dominion Diamond Corporation (TSX: DDC, NYSE: DDC) (the “Company” or “Dominion”) and The Washington Companies (“Washington”), a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, today announced that they have entered into an arrangement agreement (the “Arrangement Agreement”) under which an entity affiliated with Washington will acquire all of Dominion’s outstanding common shares for US$14.25 per share in cash or a total equity value of approximately US$1.2 billion pursuant to a plan of arrangement (the “Arrangement”) under the Canada Business Corporations Act. The transaction represents a 44 percent premium to Dominion’s unaffected share price of US$9.92 on March 17, 2017. The transaction marks the result of Dominion's review of strategic alternatives as previously announced on March 27, 2017.
Read more: Dominion Diamond Corporation ( DDC )

Mountain Province Diamonds Announces Results of Fifth Diamond Sale and Operational Update

TORONTO and NEW YORK, June 27, 2017  - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX and NASDAQ: MPVD) today announces the results of its recently completed fifth diamond sale.  The results of the fifth sale, with preceding sale results for comparative context, are summarized as follows:
       
 

2017-Q1

Sales 1-3

2017-May

Sale 4

2017-Jun

Sale 5

       

Tender Sale Proceeds (USD million)

37.7

12.7

21.1

Carats Sold ('000s)

522

148

222

Value per Carat (USD)1

72

86

95


1 Diamonds sold at individual sale events will not directly reflect run-of-mine production from specific processing periods.  The timing of the sale of some goods may be accelerated or deferred for tactical marketing purposes.  Realized average value per carat is also impacted by the binary nature of the fancies and specials bidding process within each production split, conducted approximately every five weeks with the Company's joint venture partner, De Beers Canada Inc.  The winning party of each fancies and specials bid then markets 100% of those diamonds.
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Mountain Province Diamonds Production Report for the First Quarter Ended March 31, 2017

TORONTO and NEW YORK, April 25, 2017  - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPVD, NASDAQ: MPVD) today announced the production for the first quarter ended March 31, 2017 from the Gahcho Kué Diamond Mine ("GK Mine").
 
Highlights
The GK Mine declared commercial production on March 1, 2017 having achieved more than 70 percent of nameplate capacity of 8,333 tonnes per day over the preceding 30-day period.
Mining of overburden, waste rock and ore in the 5034 open pit for the three months ended March 31, 2017 was approximately 7.7 million tonnes, with approximately 222,600 tonnes of ore (100 percent basis) stockpiled at period end.
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Dominion Diamond receives $13.50-(U.S.)-a-share offer

Mr. James Gowans of Washington Companies reports
 
THE WASHINGTON COMPANIES DISCLOSE ALL-CASH PROPOSAL TO ACQUIRE DOMINION DIAMOND CORPORATION FOR US$13.50 PER SHARE
 
The Washington Companies, a group of privately held North American mining, industrial and transportation businesses founded by industrialist and entrepreneur Dennis R. Washington, has made a proposal to the board of directors of Dominion Diamond Corp. for a transaction in which Washington would acquire all of the outstanding common shares of Dominion for $13.50 (U.S.) per share in cash, representing a 36-per-cent premium to Dominion's closing stock price on March 17, 2017, and a 54-per-cent premium to the price when discussions ended on March 15, 2017.
Read more: Dominion Diamond Corporation ( DDC )

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