Mountain Province Diamonds Inc. (MPVD) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Also note that this call is being recorded on Wednesday, August 13th, 2025. I would now like to turn the conference over to Mr. Mark Wall, President and CEO. Please go ahead, sir. Thank you, Sylvie. Good day to everyone who's dialed in to listen to our Q2 2025 results call. My name is Mark Wall, and I'm the President and CEO of the company. Also present on this call is Stephen Thomas, our CFO, and Jenny Lee, our Financial Controller. Reid, our head of diamond sales and marketing, is not on today's call, but we've incorporated his thoughts on the market into our presentation today. At the conclusion of this presentation, we will be available for any questions that you may have. Firstly, I'd like to draw your attention to our cautionary statement regarding forward-looking information. This presentation will be posted on our website for anyone who needs additional time to review this statement. Mountain Province Diamonds produces Canadian diamonds to the highest standards of corporate social responsibility, and that is something that we continue to be proud of. We own 49% of the Gacho Quay mine in the Northwest Territories, with De Beers, a division of Anglo-American PLC, owning the remaining 51%. Today, I'll speak to our Q2 2025 results and provide some insights into our plan as we move through 2025. Following that, Steve will discuss the Q2 financial performance of the company and I'll comment on the overall diamond market and then make some closing remarks and answer any questions that you may have. The summary of what I will cover is that there has been a laser focus at the operations on safety, production and costs, while the grade has been lower during the treatment of stockpiles and the diamond market has been weak. Starting with safety, the Goucher Clay operatio...