Northwire Canada EditionSunday, September 13, 2026
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GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2% GOLD 4408.90 +0.0% SILVER 65.19 +0.4% COPPER 6.55 +0.0% OIL 100.05 −2.4% PALLADIUM 1323.90 +2.3% PGZ 0.170 +3.0% TMQ 4.55 −1.3% SLI 3.08 −1.0% ROX 0.050 −9.1% USHA 0.045 +0.0% ALGR 0.710 +2.9% MINE 0.120 −4.0% KC 0.330 +4.8% EMO 0.335 +0.0% CCM 0.700 +4.5% MAI 5.97 −0.7% PPM 0.015 +0.0% CRE 0.370 +10.4% MNO 1.87 +0.5% FEO 0.810 +3.9% LBNK 0.680 −4.2%
Earnings

Mountain Province Diamonds Announces Third Quarter 2025 Production and Sales Results, Update on Guidance, Details of Third Quarter 2025 Earnings Release, and Conference Call

By The Northwire Desk — AI Analysis Nov 06, 2025 · 18:00 MPVD · 0.035 Mountain Province Diamonds Inc.
MPVD · Price

Executive Summary

  • Q3 2025 production fell to 1,000,887 carats (‑16% YoY) with a lower average grade of 1.18 c/t (‑12%).
  • Sales dropped to 409,081 carats for $29.2 M CAD ($71 per carat), down from 679,599 carats and $69.4 M CAD in Q3 2024.
  • Revised 2025 guidance: 4.0–4.2 M carats recovered (down from 4.3–4.7 M) and higher production cost ranges ($125‑$130 per carat; $145‑$155 per tonne treated).

Key Details

  • Production Metrics
  • Ore tonnes mined: 807,458 (‑13% YoY)
  • Ore tonnes treated: 847,024 (‑12% YoY)
  • Carats recovered: 1,000,887 (‑16% YoY) – 49 % share = 490,434 carats

  • Recovered grade: 1.18 c/t (‑4 % YoY)

  • Sales Metrics

  • Carats sold: 409,081 → $29.2 M CAD ($71 per carat)

  • Q3 2024 comparison: 679,599 carats → $69.4 M CAD ($102 per carat)

  • Guidance Revision (2025)

  • Carats recovered target lowered to 4.0‑4.2 M (previously 4.3‑4.7 M).
  • Production cost per carat revised up to $125‑$130 (previously $92‑$107).

  • Cost per tonne treated revised up to $145‑$155 (previously $120‑$137).

  • Operational Commentary (CEO Mark Wall)

  • Completed waste stripping to top of the 5034‑NEX orebody; mining constrained by space.
  • Planned 5‑day shutdown in September for maintenance reduced tonnes processed vs. Q2 2025.
  • Grade improvement from transitional high‑grade material raised average grade despite low‑grade stockpiles.

  • Anticipates higher carat production in Q4 2025 and 2026 after mining into sustained 5034‑NEX material.

  • Market Context

  • Diamond market constrained by US‑India tariff negotiations; near‑term price improvement tied to trade deal outcomes.

  • Earnings Release & Conference Call

  • Financial results to be released after‑market on 2025‑11‑11.
  • Conference call scheduled for 2025‑11‑12 at 11:00 am ET (Dial‑in details provided).

Notable Quotes

“I am pleased to say that subsequent to the end of Q3 2025 we have successfully mined into sustained 5034‑NEX material and this high‑grade material is running well through the processing plant, which is planned to lead to substantially higher carat production for Q4 2025 and 2026.” – Mark Wall, President & CEO

Read the original news release →

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