Welcome to our dedicated page for MPVD news (Ticker: MPVD), a resource for investors and traders seeking the latest updates and insights on MPVD stock.
Mountain Province Diamonds Inc. (MPVD) is a diamond mining company with a 49% interest in the Gahcho Kué diamond mine in Canada’s Northwest Territories. The company’s news flow centers on production and sales performance from this joint venture, its financial condition, and developments related to its extensive kimberlite resource base around the mine.
On this page, readers can follow MPVD news related to quarterly production and sales results, including carats recovered, ore tonnes treated, recovered grades, and average realized prices per carat. Company releases also discuss operational factors such as the treatment of low-grade stockpiles, access to higher grade zones like the 5034 North East Extension (NEX) orebody, and seasonal challenges at the Gahcho Kué operation.
Mountain Province’s disclosures frequently address financing and liquidity, including its amended and restated bridge credit facility and CAD$33 million working capital facility with Dunebridge Worldwide Ltd., a related party. News items explain how these facilities fit into the company’s funding plans and reference exemptions under Multilateral Instrument 61-101 that were used due to serious financial difficulty.
Investors can also track updates on governance and shareholder matters, such as voting results from annual and special meetings, approval of related party transactions, and information about the company’s listing review by the Toronto Stock Exchange. For anyone researching MPVD, this news feed provides a consolidated view of operational, financial, and regulatory developments affecting Mountain Province Diamonds.
Mountain Province Diamonds (TSX: MPVD) reported FY 2025 results with sales of $155.7 million, a steep decline from $267.7 million in 2024, and an Adjusted EBITDA of $4.8 million. The company recorded a net loss of $279.5 million including a $103 million impairment.
Operationally, FY 2025 recovered 4,333,792 carats (100% basis) with strong Q4 recoveries of 1,861,856 carats. Capital expenditures were $111.9 million (including $96.8 million deferred stripping). Management cited weak diamond market conditions, tariff-driven disruption and a pause to Tuzo Phase 3 to preserve liquidity.
Mountain Province Diamonds (TSX: MPVD, OTC: MPVD) revised its Q4 and full-year 2025 results timetable after the financial audit was not completed on schedule. Financial results will be released March 31, 2026 after market and a conference call is set for April 1, 2026 at 11:00am ET. A webcast and replay will be available.
The company reiterates its 49% interest in the Gahcho Kué mine and controls over 96,000 hectares of surrounding claims.
Mountain Province Diamonds (TSX: MPVD) extended maturities on its credit facilities and updated creditors on unpaid joint venture cash calls.
The US$40M term loan maturity moved from March 18, 2026 to April 30, 2026, and the US$33M working capital facility repayment was extended to April 30, 2026. Unpaid cash calls total CAD$49,171,619, with CAD$38,847,140 due March 17, 2026; new IKE notices push some payments to May 16, 2026 and allow successive 60‑day windows.
The amendment is a related‑party transaction with Dunebridge and was approved by the Board after a Special Committee review, relying on MI 61‑101 financial difficulty exemptions.
Mountain Province Diamonds (TSX: MPVD) provided 2026 operating guidance and reported Q4 and FY2025 production and sales from the Gahcho Kué mine. Key 2026 guidance: 6.6–7.2M carats recovered (100% basis), 3.4–3.8M carats sold (49% share), and $6M sustaining capital (49% share). FY2025 results: 4.33M carats recovered and $155.7M proceeds from 1.88M carats sold. Q4 2025 was the highest carat-producing quarter with 1.86M carats recovered. Management suspended the Tuzo Phase 3 project and will finalize unit costs after discussions with De Beers.
Mountain Province Diamonds (TSX/OTC: MPVD) announced senior management changes, a pause to the Tuzo Phase 3 project at Gahcho Kué, and receipt of in-kind election notices totalling CAD$49,171,619.
The company named Jonathan Comerford acting President and CEO and said 2026 carat production and sales expectations are unchanged.
Mountain Province Diamonds (TSX: MPVD) entered an amending agreement dated Nov 18, 2025 to modify its CAD33,000,000 working capital facility (WCF) with related-party lender Dunebridge. Key amendments: (i) advance period extended from Nov 13, 2025 to Mar 31, 2026; (ii) direct-payment repayment mechanics from diamond proceeds deferred to Feb 28, 2026; and (iii) principal repayment date extended to Mar 31, 2026. The Board approved the Amending Agreement after a Special Committee review; two directors with conflicts abstained. The company relied on MI 61-101 financial difficulty exemptions; Vertigol (beneficial owner >35%) and Dermot Desmond are related parties.
Mountain Province Diamonds (TSX/OTC: MPVD) announced that President & CEO Mark Wall has resigned and will remain with the company until December 19, 2025 to support a transition. The Board and its Nomination Committee will begin the search for a new President & CEO and will provide updates in due course.
The company said mining of the high-grade 5034-NEX orebody commenced during Q3 2025 and that the five-day plant maintenance shutdown was completed in Q3. Mountain Province said the Gahcho Kué mine is now positioned for strong performance in Q4 2025 and 2026.
Mountain Province Diamonds (TSX/OTC: MPVD) reported Q3 2025 operational results from Gahcho Kué: 1,000,887 carats recovered (‑16% YoY) and 1.18 cpt grade. Ore tonnes mined and treated fell ~13% and 12% YoY respectively. The company revised 2025 guidance to 4.0–4.2M carats (was 4.3–4.7M), and raised production cost guidance to $125–$130 per carat and $145–$155 per tonne due to lower grade and release of capitalized costs. Q3 sales were 409,081 carats for $29.2M (~US$21.2M). Earnings release: Nov 11, 2025 after-market; conference call Nov 12, 2025 at 11:00am ET.
Mountain Province Diamonds (TSX/OTC: MPVD) has secured an additional US$10 million under its bridge facility agreement with Dunebridge Worldwide Ltd., increasing the total facility from US$30 million to US$40 million. The additional facility maintains the same 10.5% annual interest rate and March 18, 2026 maturity date as the original facility.
The company will pay Dunebridge a US$1 million facility fee at maturity, subject to disinterested shareholder approval or successful listing transfer to TSX Venture Exchange. The interest rate will increase to 12.5% if not repaid upon maturity. This transaction is being completed under financial difficulty exemptions, with the consideration to insiders valued at CAD2.329 million, representing 20% of the company's market capitalization.
Mountain Province Diamonds (OTC:MPVDF) has issued a correction to its July 10, 2025 news release regarding second quarter 2024 sales figures. The company clarified that the average selling price for Q2 2024 was actually CA$102 per carat (US$74 per carat), not the previously reported CA$166 per carat (US$124 per carat). The correction specifically addresses the pricing information while all other details from the original release remain unchanged.