Mountain Province Diamonds Announces Second Quarter 2025 Production and Sales Results, Details of Second Quarter 2025 Earnings Release, and Conference Call

Core Insights - Mountain Province Diamonds Inc. reported significant declines in production and sales for Q2 2025 compared to Q2 2024, with a notable drop in carats recovered and average price per carat sold [1][4][10] Production Summary - Total tonnes mined increased by 32% year-over-year, reaching 10,444,919 tonnes in Q2 2025 compared to 7,911,091 tonnes in Q2 2024 [3][6] - Ore tonnes mined saw a drastic reduction of 86%, totaling 134,597 tonnes in Q2 2025, down from 971,311 tonnes in Q2 2024 [3][10] - Carats recovered were 708,072, which is a 46% decrease from 1,318,680 carats in Q2 2024 [3][10] - The average recovered grade was 0.80 carats per tonne, a 41% decline from 1.37 carats per tonne in Q2 2024 [3][10] Sales Results - In Q2 2025, 411,114 carats were sold for $36.8 million (US$26.6 million), averaging $90 per carat (US$65 per carat), compared to 557,361 carats sold for $56.8 million (US$41.5 million) at an average of $166 per carat (US$124 per carat) in Q2 2024 [4][10] Operational Commentary - The CEO noted that Q2 is a busy operational period, with successful completion of the annual ice-road resupply and improved conditions for mining and processing [5][6] - The company is ramping up production from the NEX orebody, expecting to treat approximately 100,000 tonnes in July, 140,000 tonnes in August, and 275,000 tonnes in September [8]