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How Burgundy Diamond Mines Is Weathering $86.8M Loss Amid Tariff Turmoil
2:42pm on Friday 27th of February, 2026 AEDT
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How Burgundy Diamond Mines Is Weathering $86.8M Loss Amid Tariff Turmoil
2:42pm on Friday 27th of February, 2026 AEDT
Key Points
2025 net loss of $86.8 million, improved from $103.2 million in 2024
Revenue declined to $186.2 million due to Point Lake suspension and tariff impacts
Secured $83.4 million loan via Canada’s Large Enterprise Tariff Loan Facility
2L Loan subordinated to LETL Facility as part of debt restructuring
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