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Burgundy Diamond Mines Ltd ( (AU:BDM) ) has shared an announcement.
Burgundy Diamond Mines Limited has updated its Life of Mine plan for the Ekati Diamond Mine, detailing developments for the Misery, Fox, and Point Lake pipes. The Misery pipe’s underground mine plan has been extended by 2.5 years, while the Fox Underground Project shows promising economic potential with a planned start in mid-2026. The Point Lake pit mining is deferred to mid-2026, contingent on diamond prices. These updates are expected to impact the company’s operational timeline and resource estimates, potentially affecting stakeholders and market positioning.
The most recent analyst rating on (AU:BDM) stock is a Hold with a A$0.05 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 operates in the diamond mining industry, focusing on the extraction and development of diamond resources. The company is involved in the exploration and mining of diamond deposits, with a market focus on enhancing its resource base and extending the life of its mining operations.
Average Trading Volume: 1,038,866
Technical Sentiment Signal: Sell
Current Market Cap: A$44.06M
For an in-depth examination of BDM stock, go to TipRanks’ Overview page.