Mountain Prov. Diamonds

Mountain Province Diamonds said its shares are to be delisted from the Toronto Stock Exchange with market close on or about July 17, 2026; shareholders approved the move at the annual meeting on June 30. Market capitalization is around $3 million at a $0.01 share price; the company carries substantial debt of roughly $335 million and has negative cash flow. Shareholders also approved relocating the registered office from Ontario to British Columbia and authorized fees to Dunebridge under an amended bridge financing. Mountain Province is continuing to seek a restructuring with creditors that could include going private or a share consolidation; board and auditor positions are partially vacant. » More on de.investing.com

Mountain Province Diamonds posted a net loss of CAD 65.1 million (CAD 0.31 per share) in the first quarter of 2026, compared with CAD 34.4 million a year earlier. Despite record carat production, revenues fell to CAD 40 million as the average price per carat came under heavy pressure and production costs rose to CAD 50.5 million. Adjusted EBITDA declined to negative CAD 0.6 million, and the stock is trading near its 52-week low. Management is focusing on operational efficiency and measures to secure liquidity amid ongoing market and geopolitical risks. » More on de.investing.com

Mountain Province Diamonds recorded a 2025 net deficit of CAD 279.5m and a Q4 net loss of CAD 151.6m, weighed down by impairments and higher costs. Average diamond prices fell 18% and revenue was well below the prior year, while production rose to about 1.9m carats per quarter by the end of 2025 and daily production increased 178%. The company revised its 2026 EPS guidance to -$0.09 and flags liquidity concerns with a cash balance of CAD 2.3m. Management plans to focus on high‑grade ore, efficiency improvements and cost control, but sees continued market risks. » More on de.investing.com