Latest Diamond Mining News

Page 1 of 3
Burgundy Diamond Mines' subsidiary Arctic Canadian Diamond Company has secured a C$115 million senior secured loan from Canada's LETL facility to support operations amid US tariffs impacting diamond markets. The funding enables continued development and operational restructuring at the Ekati mine.
Maxwell Dee
Maxwell Dee
19 Dec 2025
Diablo Resources has initiated maiden drilling at its Fair Dinkum copper prospect in Utah, capitalizing on the U.S. government's recent elevation of copper to critical mineral status and increased federal support for domestic supply chains.
Maxwell Dee
Maxwell Dee
21 Nov 2025
Burgundy Diamond Mines reported a robust A$80.4 million net cash inflow from operations in Q3 2025, offset by significant capital expenditure on its Point Lake project and ongoing loan repayments.
Maxwell Dee
Maxwell Dee
31 Oct 2025
Burgundy Diamond Mines suspends Point Lake operations due to tariff-driven price pressures but extends mine life at Misery and highlights strong economics for Fox Underground.
Maxwell Dee
Maxwell Dee
31 Oct 2025
Burgundy Diamond Mines has disclosed a breach of ASX Listing Rule 10.1 related to $24.9 million in short-term financing involving related-party diamond sales. The company has halted these sales pending regulatory review and plans to seek shareholder approval.
Maxwell Dee
Maxwell Dee
7 Oct 2025
Baumart Holdings has recorded a nearly $1 million impairment on its mining equipment due to halted diamond mining operations and no clear plans for asset redeployment.
Maxwell Dee
Maxwell Dee
30 Sept 2025
Burgundy Diamond Mines has been approved as eligible for up to CAD 150 million in emergency funding to sustain operations at its Ekati mine amid a sharp downturn in diamond prices caused by US tariffs. Trading in its securities remains suspended pending funding confirmation.
Maxwell Dee
Maxwell Dee
29 Sept 2025
Burgundy Diamond Mines posted a $29.5 million net loss for H1 2025, driven by operational disruptions and weaker diamond prices, leading to a temporary halt of mining at Point Lake. The company is navigating liquidity challenges with new financing arrangements while restructuring its operations.
Maxwell Dee
Maxwell Dee
29 Aug 2025
Burgundy Diamond Mines reported a mixed Q2-2025 with increased ore mined and carats recovered but lower revenue and earnings, prompting a strategic pivot including placing Point Lake on care and maintenance and extending Misery mine life.
Maxwell Dee
Maxwell Dee
14 Aug 2025
Burgundy Diamond Mines has released an updated Life of Mine plan for its Ekati Diamond Mine, extending operations through 2040 with robust economics from the Fox Underground Project. The update includes revised resource and reserve estimates and a deferred Point Lake open pit mining schedule.
Maxwell Dee
Maxwell Dee
14 Aug 2025
Burgundy Diamond Mines reported a mixed Q2-2025 with increased ore mined and carats recovered but lower revenue and margins, prompting a strategic pivot away from Point Lake and an extended focus on Misery and Fox underground operations.
Maxwell Dee
Maxwell Dee
1 Aug 2025
Burgundy Diamond Mines has updated its Ekati Diamond Mine Life of Mine plan through 2040, extending Misery underground operations and advancing the Fox Underground project with strong economic prospects.
Maxwell Dee
Maxwell Dee
31 July 2025