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Why Did Burgundy Diamond Mines Suspend Point Lake Mining Amid a $29.5M Loss?
4:36am on Saturday 30th of August, 2025 AEST
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Mining
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Why Did Burgundy Diamond Mines Suspend Point Lake Mining Amid a $29.5M Loss?
4:36am on Saturday 30th of August, 2025 AEST
Key Points
Net loss of $29.5 million for half-year ended June 2025
44% revenue decline to $125.2 million amid lower diamond sales
Temporary suspension of Point Lake open pit mining due to depressed prices
Secured fuel offtake financing and related party loans to manage working capital
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