Latest Burgundy Diamond Mines (ASX:BDM) News

Burgundy Diamond Mines pauses open pit mining at Point Lake due to weak diamond prices, focusing instead on higher-margin underground operations at Misery. The company also prepares to unveil a new mine plan and Fox project study.

Burgundy Diamond Mines has released its amended 2024 Mineral Resources and Ore Reserves report for the Ekati diamond mine, showing minor depletion due to ongoing mining activities. The update confirms continued compliance with industry standards and robust governance.

Burgundy Diamond Mines reported a challenging Q1-2025 with lower ore mined and revenue, yet continues to progress development at Point Lake and Misery mines while strengthening its financial position.

Burgundy Diamond Mines reported a pivotal Q1 2025, completing the transition to Point Lake open pit mining while securing US$73 million in diamond sales and advancing mine life extension plans to 2030 and beyond.

Burgundy Diamond Mines has released its 2024 Mineral Resources and Ore Reserves update for the Ekati diamond mine, showing minor depletion consistent with active mining operations. The report underscores the mine’s continued operational strength and adherence to industry standards.

Burgundy Diamond Mines has secured a novel diesel fuel offtake agreement with Macquarie Bank, easing seasonal cash flow pressures and potentially setting a precedent for multi-year collaboration.

Burgundy Diamond Mines showcased its vertically integrated diamond business and Ekati mine acquisition at the Bell Potter Unearthed Natural Resources Conference, outlining a robust 2025 operational and financial outlook despite market headwinds.

Burgundy Diamond Mines reported a dip in Q4-2024 production and revenue amid operational transitions but maintains a bullish outlook for 2025 driven by strategic mine development and market recovery.

Burgundy Diamond Mines met most operational and revenue targets in 2024 but missed EBITDA guidance by 6%, while preparing the Point Lake open pit for ore production in early 2025.