Burgundy Diamond Mines Ltd. provided the filing of its 2024 Annual Report, including the annual audited financial statements and explanation of results for the financial year ended December 31, 2024, to the Australian Stock Exchange on March 31, 2025. During the year, Burgundy cemented its position as the largest G7 producer of natural diamonds, supplying around 4% of global rough diamonds. The Company also achieved the [...]
Burgundy Diamond Mines Ltd. is pleased to announce the successful completion of a fuel offtake agreement for 2025 between its subsidiary and a subsidiary of Macquarie Bank Ltd with a replicable structure that has the potential to be a multi-year arrangement. Due to the remote Arctic location of Burgundy's cornerstone Ekati mine, an inventory resupply campaign is conducted annually via the Tibbitt to Contwoyto Winter Road [...]
Burgundy Diamond Mines Ltd. provided its financial and operating results for the fourth quarter ended December 31, 2024, to the Australian Stock Exchange on January 28, 2025. During the quarter, Burgundy unveiled the first ore from Point Lake open pit, marking Ekati's 10th operation over twenty-six years of production. Burgundy also remains on track to release its first mine plan by the end of Q1-2025. Burgundy will [...]
Burgundy Diamond Mines Ltd. provided its financial and operating results for the third quarter ended September 30, 2024, to the Australian Stock Exchange on October 29,2024. During the quarter, Burgundy focused on debt repayment of its Convertible Notes , mine extension activities at Misery underground mine, and completed 40% of its Sable underground prefeasibility study, upon which the decision was made to reschedule the [...]
Burgundy Diamond Mines Ltd. is proud to announce that the Ekati Diamond Mine has reached a historic milestone of 100 million carats produced. As Ekati currently celebrates 26 years of production, this impressive achievement is a reminder of the quality of this long-life asset and everyone's efforts, hard work, and dedication over the past two and a half decades. Ekati has an impressive history as Canada's first diamond [...]
Burgundy Diamond Mines Ltd. is pleased to announce that it has successfully paid out its Convertible Notes totalling US$23.6 million, significantly reducing its debt position. Kim Truter, Burgundy CEO and MD, commented, "We had several options for our Convertible Notes, and we believe this was the best way forward for the Company. We are pleased to take this major step in further strengthening our balance sheet. The fact [...]
Burgundy Diamond Mines Ltd. is pleased to confirm that the agreement with the surety providers in relation to the reclamation bonds has been formally concluded and signed by all parties, in line with previously agreed principles . Burgundy is required to post security with key government agencies to ensure reclamation is completed across its mining properties, as required by relevant legislation in Canada and the [...]
Burgundy Diamond Mines provided its financial and operating results for the second quarter ended June 30, 2024, to the Australian Stock Exchange on July 26, 2024. Burgundy Diamond Mines achieved significant progress in several key areas this quarter. The company's dedication to potential mine life extensions is demonstrated by active drilling programs at the Sable and Misery mines, as well as advancing the Sable and Fox [...]
The Northern Mining Health and Safety Forum is excited to announce that the 2024 Northern Mine Rescue Competition will take place on June 14 and 15 at the Yellowknife Multiplex arena. This family-friendly occasion has something for guests of all ages and there are a number of activities to explore during the two-day event. Seven teams will take part in this year's competition: Surface Agnico Eagle Meadowbank Gold Mine [...]
Burgundy Diamond Mines provided its financial and operating results for the first quarter ended March 31, 2024 to the Australian Stock Exchange, on April 29, 2024. Burgundy maintained a robust EBITDA of $26 million, up 49% from Q1 2023 and recorded record revenues of $117 million. "The opening quarter of 2024 represents our third period in charge after our Arctic Canadian Diamond Company acquisition in June last year, and [...]
Burgundy Diamond Mines Ltd. provided the filing of its 2023 Annual Report, including the annual audited financial statements and explanation of results for the 6-month period ended December 31, 2023, to the Australian Stock Exchange on March 27, 2024. Following the transformational purchase of 100% interest in Ekati Diamond Mine on July 1, 2023, Burgundy Diamond Mines is pleased with the performance over the last [...]
Burgundy Diamond Mines is pleased to provide its 2023 Socio-Economic Agreement Report. The Socio-Economic Agreement Report is published annually and highlights the numerous ways our operations at Ekati Diamond Mine provide social and economic benefits to Canada's North. The report summarizes key performance metrics covering safety, employment, environment, community investment and northern business expenditures. Burgundy [...]
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