Mountain Province Diamonds Inc. (TSE:MPVD) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Mountain Province Diamonds Inc. reported robust financial results for Q1 2024, selling 938,000 carats for $89.4 million, which equates to an impressive $95 per carat. The company also saw a significant adjusted EBITDA of $50.0 million and netted a profit of $6.8 million. Despite a slight decrease in carats recovered and average grade compared to the previous year, the company increased ore processing and maintained solid earnings and operational efficiency.
For further insights into TSE:MPVD stock, check out TipRanks’ Stock Analysis page.