Mountain Province Diamonds Inc. (TSE:MPVD) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Mountain Province Diamonds Inc. reported robust financial results for Q1 2024, selling 938,000 carats for $89.4 million, which equates to an impressive $95 per carat. The company also saw a significant adjusted EBITDA of $50.0 million and netted a profit of $6.8 million. Despite a slight decrease in carats recovered and average grade compared to the previous year, the company increased ore processing and maintained solid earnings and operational efficiency.
For further insights into TSE:MPVD stock, check out TipRanks’ Stock Analysis page.
