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Mountain Province Diamonds, Inc. - MPVD STOCK NEWS

Welcome to our dedicated news page for Mountain Province Diamonds (Ticker: MPVD), a resource for investors and traders seeking the latest updates and insights on Mountain Province Diamonds.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mountain Province Diamonds's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Mountain Province Diamonds Inc. reports financial results for Q4 2023 and FY 2023, highlighting a 43% improvement in safety KPI, adjusted EBITDA of $165.0 million, total sales revenue of $328.6 million, and net loss of $43.7 million. Operational metrics show improvements in tonnes mined and treated. Market challenges affected diamond sales, with softening demand in the US and Europe. CEO Mark Wall discusses strategic decisions and future outlook.
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-5.56%
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Mountain Province Diamonds Inc. announces revised details for its Q4 and full-year 2023 earnings release and conference call due to a delay in the financial audit process. The financial results will be released on April 1st, 2024, with the conference call scheduled for April 2nd, 2024.
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Mountain Province Diamonds Inc. announces production and sales results for the fourth quarter ended December 31, 2023, and full-year 2023 from the Gahcho Kué Diamond Mine. In 2023, approximately 2.7 million carats were sold at an average value of $121 per carat (US$90 per carat) for total proceeds of $328.6 million (US243.7 million). Ore mined on a FY 2023 basis was 3.8 million tonnes against the revised guidance of 3.1 – 3.6 million tonnes. The production of 5.6 million carats in FY 2023 exceeded the guidance of 5.6 – 6.1 million carats. The company's President and CEO, Mark Wall, highlighted the highest carat producing quarter in Q4 2023 and the reopening of the rough diamond market.
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Mountain Province Diamonds Inc. announces Q3 2023 operating and sales results
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Mountain Province Diamonds Inc. announces Q2 2023 operating and sales results. Operational highlights include 750,241 ore tonnes treated, 1,339,196 carats recovered, and an average grade of 1.79 carats per tonne. Sales highlights include 360,308 carats sold for $59.9 million, with an average price of $166 per carat.
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Mountain Province Diamonds, Inc.

OTC:MPVD

MPVD Rankings

MPVD Stock Data

Other Metals/Minerals
Non-Energy Minerals
Link
CA
Toronto

About MPVD

Mountain Province Diamonds, Inc. engages in the exploration, mining, and marketing of rough diamonds. It focuses on the operation of Gahcho Kué and Kennady North assets. The company was founded by Paul Shatzko on December 2, 1986 and is headquartered in Toronto, Canada.