Mountain Province Diamonds Q2 revenue falls
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
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