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by Will Purcell

The critical and specialty minerals stocks box score on Monday was a mediocre 66-117-127 as the TSX Venture Exchange fell four points to 990. Jonathan Comerford's -- essentially Dermot Desmond's Mountain Province Diamonds Inc. (MPVD) lost one-half cent to 4.5 cents on 39,000 shares. The company's stock remains in the proverbial dumpster despite a great quarter at its 49-per-cent-owned Gahcho Kue mine in the Northwest Territories.

Mountain Province and its co-venturer, De Beers, recovered two million carats from 759,248 tonnes of processed ore in the first three months of 2026, good for their best-ever grade of 2.64 carats per tonne. Mind you, as with most everything to do with diamonds these days, the good-news grade comes with a bad-news caveat. Yes, the carat crop "exceeded expectations," said Mr. Comerford, president and chief executive officer, but "a significant portion of the higher-grade [diamonds] was in smaller stone sizes, which are currently under the greatest pressure in the diamond market."

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