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Burgundy Diamond Mines announces an innovative diesel fuel offtake agreement with a subsidiary of Macquarie Bank Ltd

Tue, 18 Feb 2025 11:48:00 -0400

CALGARY, Alberta, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) is pleased to announce the successful completion of a fuel offtake agreement for 2025 between its subsidiary and a subsidiary of Macquarie Bank Ltd (“Macquarie”) with a replicable structure that has the potential to be a multi-year arrangement.

Due to the remote Arctic location of Burgundy’s cornerstone Ekati mine, an inventory resupply campaign is conducted annually via the Tibbitt to Contwoyto Winter Road, typically over an eight-week period. As a result, the majority of Ekati’s annual procurement cash outflows

Burgundy Diamond Mines announces an innovative diesel fuel offtake agreement with a subsidiary of Macquarie Bank Ltd

Tue, 18 Feb 2025 11:48:00 -0400

Burgundy Diamond Mines announces an innovative diesel fuel offtake agreement with a subsidiary of Macquarie Bank Ltd

Tue, 18 Feb 2025 11:48:00 -0400

Burgundy Diamond Mines announces an innovative diesel fuel offtake agreement with a subsidiary of Macquarie Bank Ltd

Tue, 18 Feb 2025 11:48:00 -0400

Burgundy Diamond Mines announces an innovative diesel fuel offtake agreement with a subsidiary of Macquarie Bank Ltd

Tue, 18 Feb 2025 11:48:00 -0400

Burgundy Diamond Mines announces an innovative diesel fuel offtake agreement with a subsidiary of Macquarie Bank Ltd

Tue, 18 Feb 2025 11:48:00 -0400

Burgundy Diamond Mines announces an innovative diesel fuel offtake agreement with a subsidiary of Macquarie Bank Ltd

Tue, 18 Feb 2025 11:48:00 -0400

Burgundy Diamond Mines announces an innovative diesel fuel offtake agreement with a subsidiary of Macquarie Bank Ltd

Tue, 18 Feb 2025 11:48:00 -0400

Burgundy Diamond Mines reports fourth quarter 2024 results

Tue, 28 Jan 2025 12:38:00 -0400

CALGARY, Alberta, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) provided its financial and operating results for the fourth quarter (Q4-2024) ended December 31, 2024, to the Australian Stock Exchange on January 28, 2025.

During the quarter, Burgundy unveiled the first ore from Point Lake open pit, marking Ekati’s 10th operation over twenty-six years of production. Burgundy also remains on track to release its first mine plan by the end of Q1-2025. Burgundy will release the longer-term mine plan in the second half of 2025, which could extend the

Burgundy Diamond Mines reports fourth quarter 2024 results

Tue, 28 Jan 2025 12:38:00 -0400

Burgundy Diamond Mines reports fourth quarter 2024 results

Tue, 28 Jan 2025 12:38:00 -0400

Burgundy Diamond Mines reports fourth quarter 2024 results

Tue, 28 Jan 2025 12:38:00 -0400

Burgundy Diamond Mines reports third quarter 2024 results

Mon, 28 Oct 2024 18:00:00 -0400

CALGARY, Alberta, Oct. 28, 2024 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) provided its financial and operating results for the third quarter (Q3-2024) ended September 30, 2024, to the Australian Stock Exchange on October 29,2024.

During the quarter, Burgundy focused on debt repayment of its Convertible Notes (totalling $23.6 million), mine extension activities at Misery underground mine, and completed 40% of its Sable underground prefeasibility study, upon which the decision was made to reschedule the project start date, due to positive Misery mine extension results. Additionally, operations have started

Burgundy Diamond Mines reports third quarter 2024 results

Mon, 28 Oct 2024 18:00:00 -0400

Burgundy Diamond Mines reports third quarter 2024 results

Mon, 28 Oct 2024 18:00:00 -0400

Burgundy Diamond Mines reports third quarter 2024 results

Mon, 28 Oct 2024 18:00:00 -0400

Ekati Diamond Mine achieves historic milestone of 100 million carats produced

Tue, 22 Oct 2024 11:24:00 -0400

CALGARY, Alberta, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) is proud to announce that the Ekati Diamond Mine has reached a historic milestone of 100 million carats produced. As Ekati currently celebrates 26 years of production, this impressive achievement is a reminder of the quality of this long-life asset and everyone’s efforts, hard work, and dedication over the past two and a half decades.

Ekati has an impressive history as Canada’s first diamond mine and continues to rank in the top 10 producers world-wide, renowned for its high-quality,

Ekati Diamond Mine achieves historic milestone of 100 million carats produced

Tue, 22 Oct 2024 11:24:00 -0400

Ekati has an impressive history as Canada’s first diamond mine and continues to rank in the top 10 producers world-wide, renowned for its high-quality,

Ekati Diamond Mine achieves historic milestone of 100 million carats produced

Tue, 22 Oct 2024 11:24:00 -0400

Ekati has an impressive history as Canada’s first diamond mine and continues to rank in the top 10 producers world-wide, renowned for its high-quality,

Ekati Diamond Mine achieves historic milestone of 100 million carats produced

Tue, 22 Oct 2024 11:24:00 -0400

Ekati has an impressive history as Canada’s first diamond mine and continues to rank in the top 10 producers world-wide, renowned for its high-quality,

Burgundy Diamond Mines Reduces Debt through Convertible Notes Payout

Tue, 24 Sep 2024 12:42:00 -0400

CALGARY, Alberta, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX) is pleased to announce that it has successfully paid out its Convertible Notes totalling US$23.6 million, significantly reducing its debt position.

Kim Truter, Burgundy CEO and MD, commented, “We had several options for our Convertible Notes, and we believe this was the best way forward for the Company. We are pleased to take this major step in further strengthening our balance sheet. The fact we have opted to pay this out in cash highlights the strength and belief in our business and

Burgundy Diamond Mines Reduces Debt through Convertible Notes Payout

Tue, 24 Sep 2024 12:42:00 -0400

Burgundy Diamond Mines Reduces Debt through Convertible Notes Payout

Tue, 24 Sep 2024 12:42:00 -0400

Burgundy Diamond Mines Reduces Debt through Convertible Notes Payout

Tue, 24 Sep 2024 12:42:00 -0400

Burgundy concludes reclamation surety bonds agreement

Wed, 14 Aug 2024 15:49:00 -0400

CALGARY, Alberta, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) is pleased to confirm that the agreement with the surety providers in relation to the reclamation bonds has been formally concluded and signed by all parties, in line with previously agreed principles (see ASX announcement dated March 13th, 2024).

Burgundy is required to post security with key government agencies to ensure reclamation is completed across its mining properties, as required by relevant legislation in Canada and the Northwest Territories. The security is provided in the form of either cash,