# Mountain Province Diamonds Announces Second Quarter Financial Results for 2026 Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/mountain-province-diamonds-announces-second-quarter-financial-results-for-2026--8f21e1aa-b0ab-4d4b-a202-8fd478387c66 Original source: https://money.tmx.com/en/quote/MPVD/news/5496429712730552/mountain-province-diamonds-announces-second-quarter-financial-results-for-2026 Publisher: tmx Original announcement: 2026-08-13T21:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Mountain Province Diamonds Inc. - Ticker: MPVD - Exchange: TSX - Region: Northwest Territories, Canada - Primary commodity: Diamond - Secondary commodities: None reported - Document categories: Production, Resource update - Extracted: 2026-09-18 10:33:33 UTC Narrative sentiment: -0.20 · Bearish ## Minestarters Atlas summary Mountain Province Diamonds reported strong operational performance for Q2 and H1 2026, with record carats recovered driven by exceptionally high grades at the Gahcho Kué Mine. However, the company posted significant net losses and losses from mine operations due to challenging diamond market pricing and adverse foreign exchange movements. The release also provides historical mineral resource estimates for its Kelvin and Faraday kimberlites. Reasoning: The document reports Q2 and H1 2026 financial and operational results, highlighting strong production metrics but substantial financial losses due to market conditions and currency effects. It also includes historical mineral resource estimates for context. - Positive factor: Strong operational performance with high recovered grades and record carats recovered for the first half of 2026. - Negative factor: Significant net loss and loss from mine operations for Q2 and H1 2026. - Negative factor: Uncertain and challenging diamond market pricing, with average sales price per carat significantly lower than prior year. - Negative factor: Weakening Canadian Dollar contributing to unrealized foreign exchange losses on US Dollar denominated debt. Facts used in scoring: 33 ## 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-second-quarter-financial-results-for-2026--8f21e1aa-b0ab-4d4b-a202-8fd478387c66#fact-resource-facts-30) Kelvin kimberlite · diamond Historical result Needs review: historical\_restatement #### Identity - Project: Kelvin kimberlite - Commodity: diamond - Region: canada - Reported Region: Northwest Territories, Canada - 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 - Resource group id: resource:ced6a2bfd58b58ba7572 #### 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 #### 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: 2026-08-13T00:00:00.000Z Reasoning: This fact presents a historical Indicated Mineral Resource estimate for the Kelvin kimberlite, providing context for the company's assets. - Positive factor: Provides a clear Indicated Mineral Resource estimate for the Kelvin kimberlite. - Negative factor: The estimate is historical \(February 2019\) and may not reflect current geological understanding or market conditions. 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, independent advisor to the Company and 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 7.5 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/mountain-province-diamonds-announces-second-quarter-financial-results-for-2026--8f21e1aa-b0ab-4d4b-a202-8fd478387c66#fact-resource-facts-31) Faraday 2 kimberlite · diamond Historical result Needs review: historical\_restatement #### Identity - Project: Faraday 2 kimberlite - Commodity: diamond - Region: canada - Reported Region: Northwest Territories, Canada - 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 - Resource group id: resource:a600ec907052c554b4af #### 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 #### 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: 2026-08-13T00:00:00.000Z Reasoning: This fact presents a historical Inferred Mineral Resource estimate for the Faraday 2 kimberlite, providing context for the company's assets. - Positive factor: Provides an Inferred Mineral Resource estimate for the Faraday 2 kimberlite. - Negative factor: The estimate is historical \(February 2019\) and in the Inferred category, which has lower geological confidence. - Negative factor: The estimate may not reflect current geological understanding or market conditions. 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, independent advisor to the Company and 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 7.5 years before this release ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/mountain-province-diamonds-announces-second-quarter-financial-results-for-2026--8f21e1aa-b0ab-4d4b-a202-8fd478387c66#fact-resource-facts-32) Faraday 1-3 kimberlite · diamond Historical result Needs review: historical\_restatement #### Identity - Project: Faraday 1-3 kimberlite - Commodity: diamond - Region: canada - Reported Region: Northwest Territories, Canada - 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 - Resource group id: resource:f85bd23ff26deda7a46b #### 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 #### 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: 2026-08-13T00:00:00.000Z Reasoning: This fact presents a historical Inferred Mineral Resource estimate for the Faraday 1-3 kimberlite, providing context for the company's assets. - Positive factor: Provides an Inferred Mineral Resource estimate for the Faraday 1-3 kimberlite. - Negative factor: The estimate is historical \(February 2019\) and in the Inferred category, which has lower geological confidence. - Negative factor: The estimate may not reflect current geological understanding or market conditions. 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, independent advisor to the Company and 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 7.5 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.