Welcome to our dedicated page for Mountain Prov news (Ticker: MPVDF), a resource for investors and traders seeking the latest updates and insights on Mountain Prov stock.
Mountain Province Diamonds Inc. (OTC: MPVDF; TSX: MPVD) is a diamond mining company with a 49% interest in the Gahcho Kué diamond mine in Canada’s Northwest Territories through a joint venture with De Beers. The company’s news flow centers on operational performance at the GK Mine, financial results, financing arrangements, and corporate governance developments.
On this page, readers can follow news releases covering quarterly and full-year production and sales results, including carats recovered, ore tonnes mined and treated, recovered grade, and average realized prices per carat. Mountain Province regularly reports on how ore sourcing, such as reliance on stockpiles or access to higher grade zones like the 5034 North East Extension (NEX) orebody, affects production volumes and grades.
Company updates also address financial performance and capital structure, such as Adjusted EBITDA, cash costs of production, net income or loss, and the impact of foreign exchange movements on U.S. dollar–denominated debt. News items describe refinancing transactions, bridge credit facilities, and a CAD$33 million working capital facility with Dunebridge Worldwide Ltd., along with related-party approvals and Toronto Stock Exchange listing review processes.
Investors can also track corporate and governance events, including annual and special meeting voting results, director elections, auditor appointments, and leadership changes such as the announced resignation of the President & CEO with a transition period. Technical and market commentary from company representatives provides additional context on diamond market conditions and operational priorities at the GK Mine.
For those following MPVDF or Mountain Province Diamonds news, this feed offers a structured view of the company’s operational metrics, financing developments, and governance decisions as disclosed in its official news releases.
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/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 (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.
Mountain Province Diamonds (OTC:MPVDF) reported Q2 2025 production and sales results from its Gahcho Kué Diamond Mine, showing significant operational challenges. The company recovered 708,072 carats, a 46% decrease from Q2 2024, with an average grade of 0.8 carats per tonne, down 41% year-over-year.
Mining operations showed strength with 10.4 million total tonnes mined, a 32% improvement over 2024. Sales reached 411,114 carats for $36.8 million, averaging $90 per carat, compared to $166 per carat in Q2 2024. The company began mining from the 5034 North East Extension (NEX) orebody, with plans to significantly increase NEX production throughout Q3 2025.
The company will release Q2 2025 financial results on August 12th, 2025, followed by an earnings conference call on August 13th.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) has released its financial and operating results for Q4 and full-year 2024. The company faced significant challenges with total sales revenue declining to $267.7 million from $328.6 million in 2023, while reporting a net loss of $80.8 million ($0.38 per share).
Key operational metrics showed mixed results, with a 41% increase in ore tonnes mined and 12% increase in tonnes treated, but diamond recovery decreased to 4.66 million carats at 1.28 carats per tonne, down 16% from 2023. The average realized diamond price dropped to $98 per carat from $121 in 2023.
Notable achievements include a 60% improvement in safety performance and record processing plant throughput of 3.63 million tonnes. The company recently completed a refinancing transaction to address bonds due in 2025, positioning for expected higher production in 2026 when the high-grade NEX orebody comes online.