Burgundy Diamond Mines Releases Quarterly Activities Report
Key points
- Ekati operations continued with Misery Underground and Sable open pit
- Preparations for Fox wash plant construction and Fox underground development
- Secured additional C$60m loan from Canada Enterprise Emergency Funding Corporation
Full summary
Burgundy Diamond Mines Limited (ASX: BDM) has released its quarterly activities report for the period ended 31 March 2026 (Q1-2026). The report provides an overview of the company's operational performance at the Ekati mine, including waste and ore tonnes mined, tonnes processed, carats recovered and sold, and diamond inventories. Operations continued at the Misery Underground and Sable open pit, while preparations progressed for the construction of the Fox wash plant and planning for the development of the Fox underground project. During the quarter, the company successfully secured an additional C$60 million loan from the Canada Enterprise Emergency Funding Corporation (CEEFC) under its Large Enterprise Tariff Loan program. The report also includes corporate and financial information, such as cash balances, diamond inventories, and consolidated net cash/debt positions. No substantive activities were reported for the Naujaat project, which is a 40% joint venture held by Burgundy.
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