Canada's Mountain Province Diamonds Q3 revenue falls 58%, net loss widens

Mountain Province Diamonds

11/11/2025 22:10

Overview

Mountain Province Q3 2025 revenue drops significantly from Q3 2024

Net loss for Q3 2025 widens compared to Q3 2024

Company reports lower carat recovery and average grade

Outlook

Company expects improved grades in Q4

Tariffs continue to negatively affect diamond prices

Result Drivers

LOWER GRADES - Lower than expected stockpile grades impacted carat recovery, though transitional NEX material provided some positive impact

MAINTENANCE SHUTDOWN - A planned 5-day shutdown for maintenance reduced tonnes treated in Q3 2025

TARIFF IMPACT - Tariffs continued to negatively affect diamond prices despite a robust US retail market

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Sales
C$29.16 mln
Q3 EPS
-C$0.26
Q3 Net Income
-C$55.86 mln
Q3 Adjusted EBITDA Margin
-15.00%
Q3 Basic EPS
-C$0.26
Q3 Operating Income
-C$31.42 mln


Press Release: ID:nCNWg7Jqwa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)