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Burgundy Diamond Mines Ltd ( (AU:BDM) ) has shared an announcement.
Burgundy Diamond Mines reported weaker operational metrics at its Ekati mine for the December 2025 quarter, with significant reductions in waste and ore mined, tonnes processed and carats recovered and sold, reflecting both operational challenges at the Misery underground operation and continued weakness in the global diamond market. To stabilise its financial position, the company secured a C$115 million loan from a Canadian government-backed lender and undertook a substantial balance sheet restructuring, although net debt increased and its shares remain voluntarily suspended from ASX trading pending remediation of a related-party financing breach and demonstration of adequate financial health. Burgundy advanced strategic initiatives aimed at improving future revenue quality, including preparatory work to re-enter the Sable open pit, progressing the Fox wash plant to pre-process a large low-grade stockpile intended to yield higher-value assortments, and continuing feasibility work on the Fox Underground project, while its Naujaat joint venture remained inactive during the quarter.
The most recent analyst rating on (AU:BDM) stock is a Sell with a A$0.02 price target. To see the full list of analyst forecasts on Burgundy Diamond Mines Ltd stock, see the AU:BDM Stock Forecast page.
More about Burgundy Diamond Mines Ltd
Burgundy Diamond Mines Limited is an Australia-listed diamond producer focused on the Ekati Diamond Mine in Canada, with operations spanning underground and open-pit mining and related processing infrastructure. The company is seeking to enhance its product mix and value per carat through development of additional ore sources such as the Sable open pit and Fox projects, while managing a leveraged balance sheet and navigating regulatory and listing compliance issues on the ASX.
Technical Sentiment Signal: Sell
Current Market Cap: A$24.16M
For an in-depth examination of BDM stock, go to TipRanks’ Overview page.