# 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--a49a8800-f43d-4148-bcd7-833075e80b6d Original source: https://money.tmx.com/en/quote/MPVD/news/7300228663423890/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 - 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 10:52:43 UTC Narrative sentiment: -0.30 · Bearish ## Minestarters Atlas summary Mountain Province Diamonds announced its full year and fourth quarter 2025 results, reporting a significant increase in recovered grade and carats in Q4 2025, driven by access to higher-grade ore. However, the full year saw a decrease in recovered carats and grade, alongside a substantial net loss of $279.5 million and a 95% drop in Adjusted EBITDA compared to 2024. The company noted challenging diamond market conditions and increased cash costs of production for the year. Reasoning: The company reported a mixed operational performance with a strong Q4 2025 recovery but overall negative financial results for FY 2025, including a large net loss and decreased EBITDA, exacerbated by challenging diamond market conditions. Historical resource estimates are provided for context. - Positive factor: Significant improvement in recovered grade and carats in Q4 2025 - Positive factor: Increased total tonnes mined in FY 2025 - Positive factor: Safety KPI improvement - Negative factor: Substantial net loss and decreased Adjusted EBITDA for FY 2025 - Negative factor: Deteriorating diamond market conditions and pricing pressure - Negative factor: Significant decrease in ore tonnes mined for FY 2025 - Negative factor: Increased cash costs of production per carat and per tonne for FY 2025 - Negative factor: Impairment loss on property, plant and equipment Low confidence — this extraction should be reviewed alongside the original source. Facts used in scoring: 19 ## 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--a49a8800-f43d-4148-bcd7-833075e80b6d#fact-resource-facts-16) 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, Tysen Hantelmann - Resource group id: resource:82535bb96f43d6b58415 - Deposit or zone: Kelvin kimberlite #### Resource Data - Category: indicated - Tonnes: 8500000 - Grade: 1.6 - Grade Unit: carats/tonne - Contained Metal: 13.62 - Contained Unit: mct - Cutoff Grade: 1 - Cutoff Unit: mm diamond size bottom cut-off #### 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: Historical Indicated mineral resource for the Kelvin kimberlite, providing context on the company's assets. - Positive factor: Indicated resource category - Negative factor: Estimate is historical \(February 2019\) 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. Qualified Person 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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--a49a8800-f43d-4148-bcd7-833075e80b6d#fact-resource-facts-17) Faraday kimberlites · diamonds Historical result Needs review: historical\_restatement #### Identity - Project: Faraday kimberlites - 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, Tysen Hantelmann - Resource group id: resource:9173a694fb68ed38177f - Deposit or zone: Faraday 2 #### Resource Data - Category: inferred - Tonnes: 2070000 - Grade: 2.63 - Grade Unit: carats/tonne - Contained Metal: 5.45 - Contained Unit: mct - Cutoff Grade: 1 - Cutoff Unit: mm diamond size bottom cut-off #### 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: Historical Inferred mineral resource for Faraday 2, providing context on the company's assets. - Negative factor: Estimate is historical \(February 2019\) - Negative factor: Inferred resource category 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. Qualified Person 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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--a49a8800-f43d-4148-bcd7-833075e80b6d#fact-resource-facts-18) Faraday kimberlites · diamonds Historical result Needs review: historical\_restatement #### Identity - Project: Faraday kimberlites - 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, Tysen Hantelmann - Resource group id: resource:fab6b6c68eb71b2e5915 - Deposit or zone: Faraday 1-3 #### Resource Data - Category: inferred - Tonnes: 1870000 - Grade: 1.04 - Grade Unit: carats/tonne - Contained Metal: 1.9 - Contained Unit: mct - Cutoff Grade: 1 - Cutoff Unit: mm diamond size bottom cut-off #### 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: Historical Inferred mineral resource for Faraday 1-3, providing context on the company's assets. - Negative factor: Estimate is historical \(February 2019\) - Negative factor: Inferred resource category 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. Qualified Person 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 Disclosed** Polarity: positive Definition: Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison. Why it applies: cutoff\_grade is 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.