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Mountain Province Diamonds reports record Q1 2026 with 2M carats recovered despite market challenges.

Company Fundamentals
30 Apr 2026
PRNewsWire
View Source
Neutral
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Mountain Province Diamonds announced a record first quarter in 2026, recovering over 2 million carats from the Gahcho Kué Mine, a 163% increase from Q1 2025. Despite a 39% drop in total tonnes mined due to operational pauses and challenging weather, the recovered grade rose significantly to 2.64 carats per tonne. Sales totaled $40 million but at a lower average price per carat due to market pressures and smaller stone sizes. The company continues to navigate geopolitical uncertainties and plans to update stakeholders soon on market discussions.

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