Mountain Province Diamonds Announces Second Quarter Financial Results for 2025

Mountain Province Diamonds Inc. announced financial results for the second quarter ended June 30, 2025 from the Gahcho Kué Diamond Mine.

Q2 2025 Key Takeaways:

411,114 carats were sold for total proceeds of $36.8 million (US$26.6 million) at an average price of $90 per carat (US$65).

Adjusted EBITDA1 of ($2.2) million.

Loss from mine operations of $52.6 million.

Net loss of $37.7 million or $0.18 basic and diluted loss per share.

1Cash costs of production, including capitalized stripping costs, and adjusted EBITDA are non-IFRS measures with no standardized meaning prescribed under IFRS.  See “Reconciliation of non-IFRS measures” at the end of the news release for explanation and reconciliation.

Mark Wall, the Company’s President, and Chief Executive Officer, commented:

“The first half of 2025 was a period of solid operational discipline at the GK Mine, but one that also underscored the challenges we continue to face. While the global diamond market showed tentative signs of recovery earlier in the year, recent U.S. tariffs have introduced a new layer of uncertainty at a critical juncture.