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Burgundy Diamond Mines Advances Point Lake as EBITDA Falls Short in 2024

10:27am on Tuesday 28th of January, 2025 AEDT Mining
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Burgundy Diamond Mines Advances Point Lake as EBITDA Falls Short in 2024

10:27am on Tuesday 28th of January, 2025 AEDT
Key Points
  • 2% shortfall in recovered carats against 2024 guidance
  • Global rough diamond revenue per carat declined 15-20% year-over-year
  • EBITDA for 2024 was 6% below guidance despite meeting revenue targets
  • Point Lake open pit mining to commence ore production in Q1 2025
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