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Burgundy Diamond Mines Completes Point Lake Shift, Eyes 2030 Mine Life Extension
5:21am on Monday 2nd of June, 2025 AEST
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Mining
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Burgundy Diamond Mines Completes Point Lake Shift, Eyes 2030 Mine Life Extension
5:21am on Monday 2nd of June, 2025 AEST
Key Points
Transition from Sable to Point Lake open pit mining completed
1.2 million carats sold for US$73 million at US$62/ct average price
Adjusted EBITDA of US$6.5 million and cash balance of US$38.8 million
Diesel fuel offtake agreement secured with Macquarie Bank subsidiary
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Burgundy Diamond Mines (ASX:BDM)
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