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The latest announcement is out from Burgundy Diamond Mines Ltd ( (AU:BDM) ).
Burgundy Diamond Mines Limited has applied for up to CAD 150 million in funding from the Canada Enterprise Emergency Funding Corporation to ensure the financial viability of its operations at the Ekati mine amid challenging market conditions. The company has requested a suspension of trading in its securities until sufficient external funding is secured, as it faces revenue impacts from US tariffs on global diamond trade.
The most recent analyst rating on (AU:BDM) stock is a Hold with a A$0.04 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 a global-scale diamond company focused on capturing margins across the entire value chain from mining and production to the sale of diamonds. The company operates a balanced portfolio of diamond projects in favorable jurisdictions, including the Canadian mining asset Ekati. Burgundy’s business model ensures traceability and ethical production from mine to market, and it is led by a management team committed to sustainable operations.
Average Trading Volume: 1,058,445
Technical Sentiment Signal: Sell
Current Market Cap: A$24.16M
See more data about BDM stock on TipRanks’ Stock Analysis page.