• Mountain Province Diamonds posted a net loss of CAD 65.1 million, or CAD 0.31 per share, in Q1 2026.
• Sales slipped 9.12% to CAD 40 million, even as carats sold more than doubled to 858,000 on an average realized value of CAD 47 per carat.
• Adjusted EBITDA swung to a loss of CAD 0.6 million from a profit, while loss from mine operations widened to CAD 36.2 million.
• Ore tonnes treated fell 18% to 759,248, while carats recovered more than tripled to 2,006,135 on an average grade of 2.64 carats per tonne.
• CEO Jonathan Comerford said the joint venture partners paused Tuzo waste stripping to conserve cash as diamond pricing remained weak, with smaller stones under the greatest pressure.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Mountain Province Diamonds Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: 202605121700PR_NEWS_USPR_____TO57875) on May 12, 2026, and is solely responsible for the information contained therein.