Diamond company Mountain Province's Q2 2025 earnings discussion records
Mountain Province Diamonds Reports Q2 2025 Financial Results
Mountain Province Diamonds Inc. (OTC: MPVDF), a Canadian diamond producer committed to the highest standards of corporate social responsibility, recently held its Q2 2025 Earnings Conference on August 13, 2025. The event, which was a webcast and conference call, was presided over by Mark Wall, the President and CEO of the company.
During the conference, Wall addressed the challenging financial results for Q2 2025. The company reported revenue of CAD 36.82 million from 411,114 carats sold at an average price of CAD 90 per carat, a significant decrease compared to CAD 56.82 million and CAD 102 per carat a year earlier. The company recorded a net loss of CAD 37.7 million or CAD 0.18 loss per share, a sharp increase compared to a net loss of CAD 6.5 million or CAD 0.03 per share in Q2 2024. Adjusted EBITDA was negative CAD 2.2 million, contrasted with positive CAD 24.0 million in the prior year quarter.
Operationally, the Gahcho Kué Diamond Mine performed reliably, but lower grades and market uncertainty, influenced by U.S. tariffs and fragile diamond demand, weighed heavily on results. Reid, the Head of Diamond Sales and Marketing, was not on the call, but his thoughts on the market have been incorporated into the presentation.
Joining Wall on the call were Steven Thomas, the VP of Finance, CFO, and Secretary, and Jennie Ly, the Financial Controller. The overall diamond market was also commented on by Wall.
It is worth noting that Mountain Province Diamonds owns 49% of the Gahcho Kue mine in the Northwest Territories, with De Beers, a division of Anglo American plc, owning the remaining 51%. The cautionary statement regarding forward-looking information will be drawn attention to in the presentation, which will be posted on the company’s website.
During the conference, Wall will provide insights into the company’s plan for the rest of 2025. The market conditions remain uncertain, with trade disruptions affecting demand recovery, particularly in the U.S. and China.
For those interested in accessing the official earnings call transcripts or recordings, it is recommended to visit Mountain Province Diamonds’ investor relations page or contact the company directly.
Here's a summary of the key metrics for Q2 2025 and Q2 2024:
| Metric | Q2 2025 | Q2 2024 | |----------------------------|------------------------|------------------------| | Carats sold | 411,114 | 557,361 | | Revenue | CAD 36.82 million | CAD 56.82 million | | Average realized price | CAD 90 per carat | CAD 102 per carat | | Adjusted EBITDA | - CAD 2.2 million | CAD 24.0 million | | Net loss | CAD 37.7 million (loss per share CAD 0.18) | CAD 6.5 million (loss per share CAD 0.03) |
The conference was held at 10:00 AM ET.
[1] Mountain Province Diamonds Inc. Q2 2025 Earnings Conference Transcript [2] Mountain Province Diamonds Inc. Q2 2025 Financial Results [3] Mountain Province Diamonds Inc. Q2 2025 Operational Update [4] Mountain Province Diamonds Inc. Q2 2025 Cautionary Statement [5] Mountain Province Diamonds Inc. Investor Relations
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