Mountain Province Diamonds Q2 revenue falls

Mountain Province Diamonds

12/08/2025 22:10

Overview

Mountain Province Q2 rev declines to C$36.8 mln from C$56.8 mln year ago

Net loss of C$37.7 mln in Q2, impacted by lower diamond grades and tariffs

Outlook

Company anticipates improved grades as mining progresses into NEX ore body

Mountain Province sees uncertainty from U.S. tariffs affecting diamond market

Company expects market conditions to remain difficult due to trade measures

Result Drivers

LOWER GRADES - Company reports a 41% decline in average diamond grade compared to Q2 2024, impacting carats recovered

MARKET UNCERTAINTY - U.S. tariffs introduce uncertainty, affecting diamond market recovery

OPERATIONAL IMPROVEMENTS - GK Mine achieved record ore throughput and improved availability, but lower grades weighed on production outcomes

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
C$36.82 mln
Q2 EPS
-C$0.18
Q2 Net Income
-C$37.74 mln
Q2 Adjusted EBITDA Margin
-6.0%
Q2 Basic EPS
-C$0.18
Q2 Operating Income
-C$55.14 mln


Press Release: ID:nCNW8Xs8sa

(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.)