Overview

* Mountain Province Q2 rev declines to C$36.8 mln from C$56.8 mln year ago

* Net loss of C$37.7 mln in Q2, impacted by lower diamond grades and tariffs

Outlook

* Company anticipates improved grades as mining progresses into NEX ore body

* Mountain Province sees uncertainty from U.S. tariffs affecting diamond market

* Company expects market conditions to remain difficult due to trade measures

Result Drivers

* LOWER GRADES - Company reports a 41% decline in average diamond grade compared to Q2 2024, impacting carats recovered

* MARKET UNCERTAINTY - U.S. tariffs introduce uncertainty, affecting diamond market recovery

* OPERATIONAL IMPROVEMENTS - GK Mine achieved record ore throughput and improved availability, but lower grades weighed on production outcomes

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales C$36.82

mln

Q2 EPS -C$0.18

Q2 Net -C$37.74

Income mln

Q2 -6.0%

Adjusted

EBITDA

Margin

Q2 Basic -C$0.18

EPS

Q2 -C$55.14

Operatin mln

g Income

Press Release:

(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.)