Mountain Province Diamonds (TSE:MPVD) has released an update.
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Mountain Province Diamonds Inc. reported their 2024 second quarter financial results, revealing a notable sale of 557,361 carats resulting in proceeds of $56.8 million, with an average price of $102 per carat. Despite a challenging diamond market and operational hurdles, the company managed an adjusted EBITDA of $24.0 million for the quarter. However, they still faced a net loss of $6.5 million for the period.
For further insights into TSE:MPVD stock, check out TipRanks’ Stock Analysis page.
