Burgundy Diamond Mines Ltd (AU:BDM) has released an update.
Burgundy Diamond Mines Limited has successfully renegotiated the terms of its reclamation surety bonds, spreading the cash collateral payments over four years, aligning with the current life of mine plan at Ekati. This strategic financial move frees up capital, allowing for investment in mine expansion opportunities and maintaining robust cash reserves. The company also highlighted its strong position with various mine life extension options and significant exploration potential at its cornerstone mining asset, Ekati.
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