Following the transformational purchase of 100% interest in
“Ekati mine is the seventh largest diamond producer globally and has the third largest diamond endowment. This asset has excellent infrastructure, people, and numerous high-quality potential development options at very competitive capital cost. This is unique in the industry and speaks to the quality of this asset. This optionality forms the basis of the Ekati mine life extension efforts, with potential to build on the 25-years of successful production at Ekati and is the cornerstone of our Burgundy growth aspirations,” said
“The first six months of ownership of the Ekati mine has delivered on all aspects and we are extremely happy with the progress that has been made. I am pleased to see the entire Burgundy team integrate and engage as one unified organisation under one global brand. In 2024, we will build on our success as we strengthen the long-term production plan at Ekati, further enhance our sales efforts and continue to advance value accretive growth opportunities to cement our position as the leading end to end listed diamond company,” said
To view the full ASX 2023 Annual Report, please visit burgundydiamonds.com/financial-reports.
Media Inquires
Manager, Corporate Communications lorena.charest@burgundydiamonds.com +1.403.703.5536 | Citadel-MAGNUS rquinn@citadelmagnus.com +61 403 322 097 |
About
Burgundy’s innovative strategy is focused on capturing margins along the full value chain of the diamond market, inclusive of mining, production, cutting and polishing, and sale of diamonds. By building a balanced portfolio of the world’s best diamond projects in favourable jurisdictions, including the globally ranked Canadian mining asset Ekati, a world class diamond cutting and polishing facility in
This end-to-end business model with total chain of custody provides traceability along every step of the process, with Burgundy able to safeguard the ethical production of the diamonds from mining to marketing and discovery to design.
Burgundy is founded in
Caution regarding Forward Looking Information
This document contains forward looking statements concerning
Notes:
- All figures presented in this release are in US dollars and include performance results and metrics across all of Burgundy’s operations, including
Ekati Diamond Mine , the company’s rough diamond sales office inAntwerp, Belgium and diamond cutting and polishing facility inPerth . - Effective
November 30, 2023 , Burgundy changed its year end fromJune 30 to December 31 . This report indicates the year end results fromJuly 1, 2023 , throughDecember 31, 2023 .
Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4e7dc1f3-4cae-4405-9ef3-818ffb972b7a
https://www.globenewswire.com/NewsRoom/AttachmentNg/751851b4-f959-4f67-a938-30bce1d3ad45
Burgundy Diamond Mines polished diamonds.
A mix of Burgundy Diamond Mines polished diamonds.
Ekati Diamond Mine operations
Truck waiting to be loaded at Burgundy's Ekati Diamond Mine Sable pit.
2024 GlobeNewswire, Inc., source