Mountain Province Diamonds ( (TSE:MPVD) ) just unveiled an announcement.
Mountain Province Diamonds reported a significant decrease in production for the first quarter of 2025, with carats recovered dropping by 40% compared to the same period last year. The company attributed the lower production to treating low-grade stockpiles while focusing on stripping waste to access the high-grade NEX orebody. Despite this, the total tonnes mined increased by 28%, and the company plans to improve grades by the end of the second quarter. The sales results also showed a decline, with fewer carats sold compared to Q1 2024, although the average price per carat increased slightly.
Spark’s Take on TSE:MPVD Stock
According to Spark, TipRanks’ AI Analyst, TSE:MPVD is a Neutral.
Mountain Province Diamonds faces significant challenges, including declining revenues and profit margins, high leverage, and a negative P/E ratio. Technical indicators suggest weak momentum, and while there are improvements in cost control and operational cash flow, they are not sufficient to offset broader financial weaknesses. Overall, the stock’s outlook remains cautious.
To see Spark’s full report on TSE:MPVD stock, click here.
More about Mountain Province Diamonds
Mountain Province Diamonds is a 49% participant with De Beers Canada in the Gahcho Kué diamond mine located in Canada’s Northwest Territories. The company is involved in mining, developing, and exploring several kimberlites for future development. It also controls over 96,000 hectares of mineral claims and leases surrounding the Gahcho Kué Mine, which include both indicated and inferred mineral resources.
YTD Price Performance: -47.50%
Average Trading Volume: 26,848
Technical Sentiment Signal: Buy
Current Market Cap: $9.95M
Find detailed analytics on MPVD stock on TipRanks’ Stock Analysis page.