Mountain Province Diamonds (TSE:MPVD) Issues Quarterly Earnings Results

Mountain Province Diamonds (TSE:MPVD) announced its earnings results on Wednesday. The company reported C($0.72) earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$45.74 million during the quarter. Mountain Province Diamonds had a negative net margin of 117.40% and a negative return on equity of 84.66%.

Here are the key takeaways from Mountain Province Diamonds’ conference call:

• Q4 delivered a strong operational turnaround: the mine accessed the high‑grade 5034 NEX ore body, recovered nearly 1.9 million carats at 2.25 carats/ton and ramped daily production from ~9,000 to ~25,000 carats — momentum the company says has continued into 2026.
• The company reported severe financial stress with a full‑year net loss of $279.5 million (Q4 loss $151.6M), a CAD 103M impairment, closing cash of CAD 2.3M, working capital of -CAD 70M and CAD 30.6M of unpaid cash calls that prompted De Beers in‑kind elections and reliance on shareholder and bridge/debt facilities.
• Market headwinds remain acute: average selling price fell to CAD 59/ct for 2025 (Q4 CAD 52/ct), with small stones particularly weak, and uncertainty from U.S. tariffs and Middle East conflict cited as key obstacles to price recovery.
• Costs and inventory write‑downs pressured margins — cash production costs rose to CAD 76/ct (CAD 93/ton), inventories were written down materially, and adjusted EBITDA collapsed to CAD 4.8M (3% margin) from CAD 91M the prior year.

Mountain Province Diamonds Stock Performance

TSE:MPVD opened at C$0.05 on Friday. The company has a debt-to-equity ratio of 282.97, a current ratio of 0.87 and a quick ratio of 0.18. The firm has a market cap of C$10.62 million, a PE ratio of 0.21 and a beta of 1.18. The firm has a 50 day simple moving average of C$0.07 and a 200-day simple moving average of C$0.06. Mountain Province Diamonds has a 1-year low of C$0.04 and a 1-year high of C$0.13.

Mountain Province Diamonds Company Profile

Mountain Province Diamonds Inc is engaged in the discovery and development of diamond properties in Canada’s Northwest Territories. The company holds interests in Gahcho Kue Diamond Mine in Canada’s Northwest Territories as a joint venture partner with De Beers Canada. Its other projects include the Kennady North which covers a portion of the southeastern Slave Geological Province, an Archean terrain.