Mountain Province Diamonds ( (TSE:MPVD) ) has issued an announcement.
Mountain Province Diamonds reported a challenging financial year in 2024, with a significant decline in adjusted EBITDA by 42% to $90.7 million and a net loss of $80.8 million. Despite a 41% increase in ore tonnes mined, the company faced a 16% decrease in diamond carats recovered and a drop in average realized value per carat, impacting overall sales revenue, which fell to $267.7 million. The company also experienced foreign exchange losses due to the weakening Canadian dollar against the US dollar, further affecting financial results.
More about Mountain Province Diamonds
Mountain Province Diamonds Inc. is a company operating in the diamond mining industry, focusing on the extraction and sale of rough diamonds. The company is listed on the Toronto Stock Exchange (TSX) and OTC markets under the symbol MPVD.
YTD Price Performance: -32.50%
Average Trading Volume: 30,472
Technical Sentiment Signal: Buy
Current Market Cap: $9.66M
For detailed information about MPVD stock, go to TipRanks’ Stock Analysis page.