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Mountain Province Diamonds (MPVD) investor relations material
Mountain Province Diamonds Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q2 2026 saw record operational performance with 2.0 million carats recovered, a 185% increase year-over-year, driven by exceptionally high recovered grades.
Despite strong production, the diamond market remains challenged by weak pricing and demand due to geopolitical and economic uncertainty, including US tariffs.
GK Mine is now the last operating diamond mine in Canada, highlighting its strategic importance amid recent sector closures.
Financial highlights
Q2 2026 revenue was $43.5 million from 869,520 carats sold at an average price of $50 per carat, compared to $36.8 million from 411,114 carats at $90 per carat in Q2 2025.
Adjusted EBITDA for Q2 2026 was $8.4 million, up from negative $2.2 million in Q2 2025.
Loss from mine operations was $89.8 million, compared to a $52.6 million loss in Q2 2025.
Net loss for Q2 2026 was $120.6 million ($0.57 per share), versus $37.7 million ($0.18 per share) in Q2 2025, including $11.3 million in unrealized foreign exchange losses.
H1 2026 net loss totaled $185.7 million ($0.87 per share), with total sales revenue of $83.5 million at $48 per carat.
Outlook and guidance
Recent diamond sales showed some price improvement, possibly due to tightening global supply, but market recovery remains uncertain.
The company is working with partners and stakeholders to stabilize its financial position and ensure ongoing operations.
- Shareholders approved all resolutions, including delisting from TSX and continuance to BC.MPVD
AGM 2026 - Record carat output and high grades failed to offset weak prices, resulting in a $65.1M net loss.MPVD
Q1 2026 - Record Q4 production and a $279.5M net loss highlight severe market and liquidity challenges.MPVD
Q4 2025 - Record-low diamond prices and sales volumes led to a $55.9 million Q3 net loss.MPVD
Q3 2025 - Record operations and safety in Q2 2025, but revenue and profit fell on weak prices and tariffs.MPVD
Q2 2025 - Higher throughput and sales offset by lower prices and grades, with cautious optimism for recovery.MPVD
Q3 2024 - Lower diamond prices and FX losses led to a Q2 net loss despite operational gains.MPVD
Q2 2024 - Q1 2025 delivered a $34.4M net loss amid low grades, weak prices, and higher costs.MPVD
Q1 2025 - Lower diamond prices and weak demand drove 2024 losses, but refinancing supports future growth.MPVD
Q4 2024
Next Mountain Province Diamonds earnings date
Next Mountain Province Diamonds earnings date
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