# Mountain Province Diamonds Announces Full Year and Fourth Quarter 2025 Results Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mountain-province-diamonds-announces-full-year-and-fourth-quarter-2025-results--3775e6a2-8b16-4c18-b379-3bbe9b493214 Original source: https://money.tmx.com/en/quote/MPVD/news/8037412216184932/mountain-province-diamonds-announces-full-year-and-fourth-quarter-2025-results Publisher: tmx Original announcement: 2026-04-01T01:38:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Mountain Province Diamonds Inc. - Ticker: MPVD - Exchange: TSX - Region: Canada's Northwest Territories - Primary commodity: Diamonds - Secondary commodities: None reported - Document categories: Production, Resource update - Extracted: 2026-09-18 10:58:33 UTC Narrative sentiment: -0.40 · Bearish ## Minestarters Atlas summary Mountain Province Diamonds reported a challenging full-year 2025 with a net loss of $279.5 million and a 95% decrease in Adjusted EBITDA. Although Q4 2025 saw a material improvement in recovered carats and grade due to accessing higher-grade ore, full-year production and grade were lower than 2024, and cash costs increased. The company also highlighted difficult diamond market conditions and the pausing of the Tuzo Phase 3 project. Reasoning: The document reports a significant net loss and decreased profitability for the full year 2025, alongside increased production costs and challenging market conditions. While Q4 2025 showed operational improvements, the overall annual performance was negative. Historical resource estimates are also provided but do not impact the current operational sentiment. - Positive factor: Significant improvement in Q4 2025 recovered grade and carats due to accessing higher-grade ore. - Positive factor: Increase in total tonnes mined for FY 2025. - Negative factor: Substantial net loss and significant decrease in Adjusted EBITDA for FY 2025. - Negative factor: Overall decrease in carats recovered and recovered grade for FY 2025 compared to FY 2024. - Negative factor: Increased cash costs of production per tonne and per carat for FY 2025. - Negative factor: Challenging diamond market conditions and pausing of the Tuzo Phase 3 project. Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 18 ## Classification and evidence No classification tags are available. ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Resource Estimates (3) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/mountain-province-diamonds-announces-full-year-and-fourth-quarter-2025-results--3775e6a2-8b16-4c18-b379-3bbe9b493214#fact-resource-facts-15) Kelvin kimberlite · diamonds Historical result Needs review: historical\_restatement #### Identity - Project: Kelvin kimberlite - Commodity: diamonds - Region: canada - Reported Region: Canada's Northwest Territories - Ticker: MPVD #### Resource scope - Estimate type: resource - Effective date: 2019-02-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Tom McCandless, Ph.D., P.Geo, Tysen Hantelmann, P.Eng. - Resource group id: resource:ced6a2bfd58b58ba7572 #### Resource Data - Category: indicated - Tonnes: 8500000 - Grade: 1.6 - Grade Unit: carats/tonne - Contained Metal: 13620000 - Contained Unit: carats #### Prior Estimate - Resource Date: 2019-02-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-01T00:00:00.000Z #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: This is a historical Indicated mineral resource estimate for the Kelvin kimberlite, providing a baseline for the company's assets, but its age limits its novelty. - Positive factor: Indicated resource category provides a reasonable level of geological confidence. - Positive factor: NI 43-101 compliant and QP signed, indicating adherence to reporting standards. - Negative factor: Estimate is historical \(February 2019\), reducing its current relevance and novelty. Evidence · text > Kelvin is estimated to contain 13.62 million carats \(Mct\) in 8.50 million tonnes \(Mt\) at a grade of 1.60 carats/tonne and value of US$63/carat, at February 2019. All resource estimations are based on a 1mm diamond size bottom cut-off. The disclosure in this news release of scientific and technical information regarding Mountain Province's mineral properties has been reviewed and approved by Tom McCandless, Ph.D., P.Geo and Tysen Hantelmann, P.Eng., Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.2 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/mountain-province-diamonds-announces-full-year-and-fourth-quarter-2025-results--3775e6a2-8b16-4c18-b379-3bbe9b493214#fact-resource-facts-16) Faraday 2 kimberlite · diamonds Historical result Needs review: historical\_restatement #### Identity - Project: Faraday 2 kimberlite - Commodity: diamonds - Region: canada - Reported Region: Canada's Northwest Territories - Ticker: MPVD #### Resource scope - Estimate type: resource - Effective date: 2019-02-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Tom McCandless, Ph.D., P.Geo, Tysen Hantelmann, P.Eng. - Resource group id: resource:a600ec907052c554b4af #### Resource Data - Category: inferred - Tonnes: 2070000 - Grade: 2.63 - Grade Unit: carats/tonne - Contained Metal: 5450000 - Contained Unit: carats #### Prior Estimate - Resource Date: 2019-02-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-01T00:00:00.000Z #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: This is a historical Inferred mineral resource estimate for the Faraday 2 kimberlite, providing an indication of potential but with lower confidence due to its category and age. - Positive factor: NI 43-101 compliant and QP signed, indicating adherence to reporting standards. - Negative factor: Estimate is historical \(February 2019\), reducing its current relevance and novelty. - Negative factor: Inferred resource category has lower geological confidence and cannot support economic studies alone. Evidence · text > Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/tonne and value of US$140/ct, at February 2019. All resource estimations are based on a 1mm diamond size bottom cut-off. The disclosure in this news release of scientific and technical information regarding Mountain Province's mineral properties has been reviewed and approved by Tom McCandless, Ph.D., P.Geo and Tysen Hantelmann, P.Eng., Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.2 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/mountain-province-diamonds-announces-full-year-and-fourth-quarter-2025-results--3775e6a2-8b16-4c18-b379-3bbe9b493214#fact-resource-facts-17) Faraday 1-3 kimberlite · diamonds Historical result Needs review: historical\_restatement #### Identity - Project: Faraday 1-3 kimberlite - Commodity: diamonds - Region: canada - Reported Region: Canada's Northwest Territories - Ticker: MPVD #### Resource scope - Estimate type: resource - Effective date: 2019-02-01T00:00:00.000Z - Reporting standards: ni\_43\_101 - QP Signed: Yes - Qualified person names: Tom McCandless, Ph.D., P.Geo, Tysen Hantelmann, P.Eng. - Resource group id: resource:f85bd23ff26deda7a46b #### Resource Data - Category: inferred - Tonnes: 1870000 - Grade: 1.04 - Grade Unit: carats/tonne - Contained Metal: 1900000 - Contained Unit: carats #### Prior Estimate - Resource Date: 2019-02-01 #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2019-02-01T00:00:00.000Z #### Dates - Event date: 2026-04-01T00:00:00.000Z Reasoning: This is a historical Inferred mineral resource estimate for the Faraday 1-3 kimberlite, providing an indication of potential but with lower confidence due to its category and age. - Positive factor: NI 43-101 compliant and QP signed, indicating adherence to reporting standards. - Negative factor: Estimate is historical \(February 2019\), reducing its current relevance and novelty. - Negative factor: Inferred resource category has lower geological confidence and cannot support economic studies alone. Evidence · text > Faraday 1-3 is estimated to contain 1.90Mct in 1.87Mt at a grade of 1.04 carats/tonne and value of US$75/carat, at February 2019. All resource estimations are based on a 1mm diamond size bottom cut-off. The disclosure in this news release of scientific and technical information regarding Mountain Province's mineral properties has been reviewed and approved by Tom McCandless, Ph.D., P.Geo and Tysen Hantelmann, P.Eng., Qualified Persons as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: qp\_signed is true **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: reporting\_standards includes ni\_43\_101 **Stale Estimate** Polarity: negative Definition: Effective date is >2 years old — data currency concern, may not reflect current geological understanding. Why it applies: effective date is 7.2 years before this release ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.