Overview

* Mountain Province Q3 2025 revenue drops significantly from Q3 2024

* Net loss for Q3 2025 widens compared to Q3 2024

* Company reports lower carat recovery and average grade

Outlook

* Company expects improved grades in Q4

* Tariffs continue to negatively affect diamond prices

Result Drivers

* LOWER GRADES - Lower than expected stockpile grades impacted carat recovery, though transitional NEX material provided some positive impact

* MAINTENANCE SHUTDOWN - A planned 5-day shutdown for maintenance reduced tonnes treated in Q3 2025

* TARIFF IMPACT - Tariffs continued to negatively affect diamond prices despite a robust US retail market

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Sales C$29.16

mln

Q3 EPS -C$0.26

Q3 Net -C$55.86

Income mln

Q3 -15.00%

Adjusted

EBITDA

Margin

Q3 Basic -C$0.26

EPS

Q3 -C$31.42

Operatin mln

g Income

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)