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Mountain Province Diamonds (MPVDF)
OTHER OTC:MPVDF
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Earnings Data
Report Date
Mar 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -28.20%
|Next Earnings Date:Mar 20, 2025
Earnings Call Sentiment|Negative
The earnings call highlighted improvements in safety, cost reduction, and operational cash flow. However, these positives were overshadowed by significant challenges in revenue, profit margins, and diamond pricing, leading to a net loss for the quarter.Company Guidance
During the Mountain Province Diamonds Q3 2024 earnings call, several key metrics were highlighted, providing guidance for the company's future performance. The company achieved an adjusted EBITDA of CAD 17.3 million for the quarter and CAD 91.3 million for the first nine months of 2024. The Gahcho Kué mine operations have been lost time injury-free for nearly 3 million hours, with a total recordable injury frequency rate around 3, showing significant safety improvements. The cost per tonne treated fell to CAD 112 from CAD 142 in the same period in 2023, aligning with full-year cost guidance of CAD 124 to CAD 136 per tonne. Despite selling 42% more carats in Q3 2024 compared to Q3 2023, the average selling price dropped to USD 75 per carat from USD 95, contributing to a comparative total revenue decrease of CAD 33.2 million for the first nine months year-on-year. The company's net loss after tax was CAD 19 million for Q3 2024, with a loss of CAD 0.09 per share. Despite the challenging market conditions, a focus on maximizing production, cost control, and strategic sales efforts indicates cautious optimism for a price recovery by the end of 2024 and into 2025.Safety Milestone Achieved
Gahcho Kué operations have been lost time injury-free for more than a year, approaching 3 million hours without injury. Total recordable injury frequency rate improved significantly year-over-year.
Increased Ore Processing
Processed approximately 14% more tonnes of ore in the first 9 months of 2024 compared to the same period in 2023.
Cost Reduction Success
Unit cost per tonne treated decreased to $112 in 2024 from $142 in 2023, with full year cost guidance between $124 to $136 per tonne treated.
Strong Cash Flow from Operations
Q3 2024 cash flow from operating activities was $56 million, significantly higher than Q3 2023.
Successful Sales Strategy
100% sell-through achieved on all goods offered during Q3 sales, maximizing revenue during challenging market conditions.
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MPVDF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MPVDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $0.10 | $0.09 | -10.00% |
| Aug 07, 2024 | $0.09 | $0.09 | 0.00% |
| May 08, 2024 | $0.15 | $0.16 | +6.67% |
| Apr 02, 2024 | $0.18 | $0.17 | -5.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mountain Province Diamonds (MPVDF) report earnings?
Mountain Province Diamonds (MPVDF) is schdueled to report earning on Mar 20, 2025, TBA Not Confirmed.
What is Mountain Province Diamonds (MPVDF) earnings time?
Mountain Province Diamonds (MPVDF) earnings time is at Mar 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MPVDF EPS forecast?
Currently, no data Available
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