Mountain Province Diamonds
Financials
Estimates*
| CAD | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenues | 276m | 227m | 309m | 389m | 368m | 397m | 439m |
| % growth | (11 %) | (18 %) | 36 % | 26 % | (5 %) | 8 % | 11 % |
| EBITDA | 80.4m | (236m) | 126m | 200m | 177m | 108m | 131m |
| % EBITDA margin | 29 % | (104 %) | 41 % | 51 % | 48 % | 27 % | 30 % |
| Profit | (129m) | (263m) | 276m | 49.2m | 66.6m | 16.7m | 17.9m |
| % profit margin | (47 %) | (116 %) | 89 % | 13 % | 18 % | 4 % | 4 % |
| EV / revenue | 2.1x | 2.2x | 1.7x | 1.1x | 0.9x | 0.7x | 0.6x |
| EV / EBITDA | 7.3x | -2.1x | 4.1x | 2.0x | 1.9x | 2.7x | 2.0x |
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | N/A | - | |
| N/A | N/A | IPO | |
| N/A | CAD13.5m | Post IPO Equity | |
CAD23.0m | Post IPO Equity | ||
| N/A | CAD29.4m | Post IPO Equity | |
| N/A | CAD73.7m | Post IPO Equity | |
| N/A | CAD100m | Post IPO Equity | |
* | N/A | $370m | Post IPO Debt |
* | N/A | $330m | Post IPO Debt |
| N/A | $50.0m | Post IPO Debt | |
* | N/A | $195m | Post IPO Debt |
| Total Funding | - | ||
Recent News about Mountain Province Diamonds
EditMountain Province Diamonds is a Canadian diamond company that operates in the diamond mining industry. The company is in a joint venture with De Beers, one of the most well-known names in the diamond industry, to manage the Gahcho diamond mine located in the Northwest Territories of Canada. This mine is recognized as the world's largest and richest new diamond mine. Mountain Province Diamonds holds a 49% interest in the Gahcho Mine and owns 100% of the Kennady North Project, which is another diamond exploration initiative in the same region.
The company is unique in that it markets and sells its share of diamonds independently from De Beers. This means that while they collaborate on mining operations, Mountain Province Diamonds handles the sales and marketing of their diamonds on their own. This approach allows them to target specific market segments and customer bases directly.
Mountain Province Diamonds serves a variety of clients, primarily those in the diamond cutting and polishing industry. Their products include a broad range of white commercial diamonds, large high-value stones, fancy colored diamonds, and smaller white and brown diamonds. These diamonds are then polished and sold in major jewelry markets around the world, including the United States, India, and China.
The company generates revenue by selling rough diamonds extracted from the Gahcho mine. These diamonds are sold to businesses that cut and polish them before they are turned into jewelry. The market for these diamonds is well-established, with a consistent demand for various types of diamonds, including those with unique features like natural fluorescence.
In summary, Mountain Province Diamonds is a key player in the diamond mining industry, leveraging its joint venture with De Beers and its independent sales strategy to create value. The company focuses on extracting and selling a diverse range of diamonds to meet the needs of the global jewelry market.
Keywords: diamond mining, Gahcho mine, De Beers, Kennady North Project, Canada, rough diamonds, diamond sales, jewelry market, diamond fluorescence, diamond exploration.