Mountain Province Diamonds Announces First Quarter 2025 Production and Sales Results, Details of First Quarter 2025 Earnings Release, and Conference Call
Mountain Province Diamonds (MPVD) has released its Q1 2025 production and sales results from the Gahcho Kué Diamond Mine. The quarter saw 762,978 carats recovered, marking a 40% decrease from Q1 2024. Production metrics showed significant changes with a 48% decrease in grade to 0.82 carats per tonne and zero ore tonnes mined as all ore treated came from stockpiles.
Total tonnes mined increased by 28% to 10,092,47 tonnes, while ore tonnes treated rose 15% to 925,773 tonnes. Sales performance showed 426,268 carats sold for $44 million (US$30.7 million), averaging $103 per carat. The company is currently focused on stripping waste to access the high-grade NEX orebody, expected by the end of Q2.
Mountain Province Diamonds (MPVD) ha pubblicato i risultati di produzione e vendita del primo trimestre 2025 dalla miniera di diamanti Gahcho Kué. Nel trimestre sono stati recuperati 762.978 carati, con un calo del 40% rispetto al primo trimestre 2024. I parametri di produzione hanno mostrato variazioni significative, con una diminuzione del 48% della qualità a 0,82 carati per tonnellata e zero tonnellate di minerale estratto, poiché tutto il minerale trattato proveniva da scorte accumulate.
Le tonnellate totali estratte sono aumentate del 28% raggiungendo 10.092,47 tonnellate, mentre le tonnellate di minerale trattato sono cresciute del 15% a 925.773 tonnellate. Le vendite hanno registrato 426.268 carati venduti per 44 milioni di dollari (30,7 milioni di dollari USA), con un prezzo medio di 103 dollari per carato. Attualmente, l’azienda si concentra sulla rimozione dei materiali di scarto per accedere al giacimento NEX ad alta qualità, previsto entro la fine del secondo trimestre.
Mountain Province Diamonds (MPVD) ha publicado los resultados de producción y ventas del primer trimestre de 2025 de la mina de diamantes Gahcho Kué. En el trimestre se recuperaron 762.978 quilates, lo que representa una disminución del 40% respecto al primer trimestre de 2024. Los indicadores de producción mostraron cambios significativos, con una reducción del 48% en la ley a 0,82 quilates por tonelada y cero toneladas de mineral extraído, ya que todo el mineral tratado provino de existencias acumuladas.
Las toneladas totales extraídas aumentaron un 28% hasta 10.092,47 toneladas, mientras que las toneladas de mineral tratado crecieron un 15% hasta 925.773 toneladas. Las ventas alcanzaron 426.268 quilates vendidos por 44 millones de dólares (30,7 millones de dólares estadounidenses), con un precio promedio de 103 dólares por quilate. Actualmente, la compañía se centra en la remoción de desechos para acceder al cuerpo de mineral NEX de alta ley, previsto para finales del segundo trimestre.
Mountain Province Diamonds (MPVD)는 가초 쿠에 다이아몬드 광산의 2025년 1분기 생산 및 판매 실적을 발표했습니다. 해당 분기에는 762,978 캐럿이 회수되어 2024년 1분기 대비 40% 감소했습니다. 생산 지표는 등급이 0.82 캐럿/톤으로 48% 하락했고, 처리된 광석은 모두 비축 광석에서 나와 채굴된 광석 톤수는 0톤이었습니다.
총 채굴 톤수는 28% 증가한 10,092.47톤이며, 처리된 광석 톤수는 15% 증가한 925,773톤입니다. 판매 실적은 426,268 캐럿이 판매되어 4,400만 달러(미화 3,070만 달러)를 기록했으며, 캐럿당 평균 가격은 103달러였습니다. 회사는 현재 고품위 NEX 광체에 접근하기 위해 폐석 제거 작업에 집중하고 있으며, 이는 2분기 말까지 완료될 예정입니다.
Mountain Province Diamonds (MPVD) a publié ses résultats de production et de ventes du premier trimestre 2025 de la mine de diamants Gahcho Kué. Au cours du trimestre, 762 978 carats ont été récupérés, soit une baisse de 40 % par rapport au premier trimestre 2024. Les indicateurs de production ont montré des changements significatifs avec une baisse de 48 % de la teneur à 0,82 carat par tonne et aucune tonne de minerai extraite, puisque tout le minerai traité provenait des stocks.
Le tonnage total extrait a augmenté de 28 % pour atteindre 10 092,47 tonnes, tandis que le tonnage de minerai traité a progressé de 15 % pour atteindre 925 773 tonnes. Les ventes ont atteint 426 268 carats pour 44 millions de dollars (30,7 millions de dollars US), avec un prix moyen de 103 dollars par carat. La société se concentre actuellement sur le décapage des déchets pour accéder au gisement NEX à haute teneur, attendu d’ici la fin du deuxième trimestre.
Mountain Province Diamonds (MPVD) hat die Produktions- und Verkaufsergebnisse für das erste Quartal 2025 aus der Gahcho Kué Diamantenmine veröffentlicht. Im Quartal wurden 762.978 Karat gewonnen, was einem Rückgang von 40 % gegenüber dem ersten Quartal 2024 entspricht. Die Produktionskennzahlen zeigten deutliche Veränderungen mit einem 48%igen Rückgang des Gehalts auf 0,82 Karat pro Tonne und null abgebauten Erztonnen, da das gesamte verarbeitete Erz aus Lagerbeständen stammte.
Die insgesamt abgebauten Tonnen stiegen um 28 % auf 10.092,47 Tonnen, während die verarbeiteten Erztonnen um 15 % auf 925.773 Tonnen zunahmen. Der Verkauf verzeichnete 426.268 verkaufte Karat für 44 Millionen Dollar (30,7 Millionen US-Dollar), mit einem Durchschnittspreis von 103 Dollar pro Karat. Das Unternehmen konzentriert sich derzeit auf das Abtragen von Abraum, um den hochgradigen NEX-Erzkörper zu erreichen, der bis Ende des zweiten Quartals erwartet wird.
- Total tonnes mined increased 28% year-over-year
- Ore tonnes treated improved 15% compared to Q1 2024
- Average price per carat increased to $103 from $95 in Q1 2024
- 40% decrease in carats recovered to 762,978
- 48% decline in grade to 0.82 carats per tonne
- Zero ore tonnes mined, 100% reduction from Q1 2024
- Sales revenue dropped 51% to $44 million from $89.4 million in Q1 2024
TSX and OTC: MPVD
Q1 Production Takeaways
(all figures reported on a
- 762,978 carats recovered,
40% lower than last year's comparable quarter (Q1 2024: 1,264,887 carats) - 0.82 Average grade of carats per tonne, a
48% decrease relative to Q1 2024 (1.57 carats per tonne) - 0 (nil) ore tonnes mined; a
100% reduction relative to last year's comparable quarter (Q1 2024: 1,946,856 ore tonnes mined), as all ore treated came from the stockpile. - 925,773 ore tonnes treated, a
15% increase relative to last year's comparable quarter (Q1 2024: 805,557 tonnes treated)
Q1 2025 Production Figures | ||||
2025 Q1 | 2024 Q1 | YoY Variance | ||
Total tonnes mined (ore and waste) | 10,092,47 | 7,885,445 | 28 % | |
Ore tonnes mined | 0 | 1,946,856 | -100 % | |
Ore tonnes treated | 925,773 | 805,557 | 15 % | |
Carats recovered | 762,978 | 1,264,887 | -40 % | |
Carats recovered ( | 373,859 | 619,795 | -40 % | |
Recovered grade (carats per tonne) | 0.82 | 1.57 | -48 % | |
Q1 Sales Results
In the Quarter, 426,268 carats were sold for
Mark Wall, the Company's President and Chief Executive Officer, commented:
"Q1 is historically a challenging quarter for the operations. For Q1 of 2025 we saw the all- important total tonnes mined increase by
Earnings Release and Conference Call Details
The Company will host its quarterly conference call on Wednesday May 14th, 2025 at 11:00am ET. Prior to the conference call, the Company will release Q1 2025 financial results on May 13th, 2025 after-market.
Conference Call Dial-in Details:
Title: Mountain Province Diamonds Inc Q1 2025 Earnings Conference Call
Conference ID: 19522
Date of call: 05/14/2024
Time of call: 11:00 Eastern Time
Expected Duration: 60 minutes
Webcast Link: https://app.webinar.net/pKjva5r9zNm
Participant Toll-Free Dial-In Number: (+1) 888-699-1199
Participant International Dial-In Number: (+1) 416-945-7677
A replay of the webcast and audio call will be available on the Company's website.
About Mountain Province Diamonds Inc.
Mountain Province Diamonds is a
For further information on Mountain Province Diamonds and to receive news releases by email, visit the Company's website at www.mountainprovince.com.
Qualified Person
The disclosure in this news release of scientific and technical information regarding Mountain Province's mineral properties has been reviewed and approved by Tom McCandless, Ph.D., P.Geo, and Tysen Hantelmann, P. Eng., independent advisors to the Company and Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.
Caution Regarding Forward Looking Information
This news release contains certain "forward-looking statements" and "forward-looking information" under applicable Canadian and
Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include the development of operation hazards which could arise in relation to COVID-19, including, but not limited to protocols which may be adopted to reduce the spread of COVID-19 and any impact of such protocols on Mountain Province's business and operations, variations in ore grade or recovery rates, changes in market conditions, changes in project parameters, mine sequencing; production rates; cash flow; risks relating to the availability and timeliness of permitting and governmental approvals; supply of, and demand for, diamonds; fluctuating commodity prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses, labour disputes and other risks of the mining industry, failure of plant, equipment or processes to operate as anticipated.
These factors are discussed in greater detail in Mountain Province's most recent Annual Information Form and in the most recent MD&A filed on SEDAR, which also provide additional general assumptions in connection with these statements. Mountain Province cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk they entail. Mountain Province believes that the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this news release should not be unduly relied upon. These statements speak only as of the date of this news release.
Although Mountain Province has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Mountain Province undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be encountered as the property is developed. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
Further, Mountain Province may make changes to its business plans that could affect its results. The principal assets of Mountain Province are administered pursuant to a joint venture under which Mountain Province is not the operator. Mountain Province is exposed to actions taken or omissions made by the operator within its prerogative and/or determinations made by the joint venture under its terms. Such actions or omissions may impact the future performance of Mountain Province. Under its current note and revolving credit facilities Mountain Province is subject to certain limitations on its ability to pay dividends on common stock. The declaration of dividends is at the discretion of Mountain Province's Board of Directors, subject to the limitations under the Company's debt facilities, and will depend on Mountain Province's financial results, cash requirements, future prospects, and other factors deemed relevant by the Board.
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FAQ
What caused the 40% decline in MPVD's Q1 2025 carat recovery?
How much revenue did Mountain Province Diamonds generate in Q1 2025?
When will MPVD access the high-grade NEX orebody?
How did MPVD's Q1 2025 sales compare to Q1 2024?
