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Why Is Burgundy Diamond Mines Pausing Point Lake Amid Rising Ore Output?
8:37am on Thursday 14th of August, 2025 AEST
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Mining
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Why Is Burgundy Diamond Mines Pausing Point Lake Amid Rising Ore Output?
8:37am on Thursday 14th of August, 2025 AEST
Key Points
Ore mined and carats recovered increased due to Point Lake open pit activity
Lower grade and revenue per carat from higher proportion of lower-value ore
Revenue declined to US$471 million; adjusted EBITDA dropped sharply to US$6.4 million
Point Lake mine placed on care and maintenance amid uneconomic conditions
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BURGUNDY DIAMOND MINES (ASX:BDM)
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