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Why Did Burgundy Halt Point Lake Mining? Inside the Tariff Impact and Fox Underground Hope

1:02pm on Friday 31st of October, 2025 AEDT Mining
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Why Did Burgundy Halt Point Lake Mining? Inside the Tariff Impact and Fox Underground Hope

1:02pm on Friday 31st of October, 2025 AEDT
Key Points
  • Point Lake operations suspended amid sub-economic diamond prices
  • Misery Underground mine life extended by 2.5 years
  • Fox Underground Project shows robust NPV of up to US$352 million
  • Company seeks emergency funding from Canadian government
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