Mountain Province Diamonds Inc.

Mountain Province Diamonds Inc. is a Canadian diamond company primarily engaged in the mining and marketing of rough diamonds. Headquartered in Toronto, Ontario, Canada, the company's mission involves creating long-term value for its business and stakeholders, while also working with local communities and preserving the heritage of natural diamonds. It independently markets its share of diamonds, distinguishing itself from its joint venture partner.

The company's core assets include a 49% interest in the Gahcho Kué diamond mine, a joint venture with De Beers located in Canada's Northwest Territories. This mine is a significant source of rough diamonds. Additionally, Mountain Province Diamonds Inc. holds 100% ownership of the Kennady North Project, further solidifying its presence in diamond exploration and development in the region.

In recent times, Mountain Province Diamonds Inc. has navigated a challenging market, experiencing financial pressures due to weak rough diamond demand and ongoing US tariffs. The company has undertaken measures to address its liquidity, including asset sales and extensions on financial obligations. Notably, it announced a planned voluntary delisting from the Toronto Stock Exchange (TSX) around July 17, 2026, following shareholder approval. Despite achieving record carat production in Q1 2026, the company reported increased net losses, primarily attributed to severe pricing pressures in the diamond market.