Burgundy Diamond Mines announces 2024 year-end results

CALGARY, Alberta, March 31, 2025 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) provided the filing of its 2024 Annual Report, including the annual audited financial statements and explanation of results for the financial year ended December 31, 2024, to the Australian Stock Exchange on March 31, 2025.

During the year, Burgundy cemented its position as the largest G7 producer of natural diamonds, supplying around 4% of global rough diamonds. The Company also achieved the milestone of 100 million carats produced and sold from the Ekati asset over the course of its 26-year history.

"This is a remarkable achievement which highlights the quality of the asset, the people, the strong resource base, a replicable operating model, and an abundance of kimberlite pipes," said Kim Truter, CEO and Managing Director of Burgundy Diamond Mines.

A strong focus was placed on strengthening the balance sheet for the business through several initiatives including:

The renegotiation of the mine closure provisioning terms (Surety Agreement) to align with the current Life of Mine Plan;

The establishment of an environmental trust account related to the Surety Agreement to optimize the structure of tax effectiveness; and

Paying out historical convertible note debt and the associated 6% coupon rate out of ...