Category: Mining

Burgundy Looks to Sell Ekati Mine

Court extends miner’s creditor protection.

Mountain Province Delists from Exchange in Preparation for Possible Sale

Pulling stock off public trading gives miner more flexibility for restructuring or going private.

Rough-Price Hike Boosts Gem Diamonds’ Revenue

Average amount per carat up 42% year on year at $1,501.

Burgundy Weighs Sale of Ekati Mine as It Works to Stay Afloat

Supreme Court of British Columbia grants company extension on creditor protection.

Mountain Province Works on Deals to Preserve Liquidity Amid Deepening Loss

Miner engages with shareholders and government as deficit nearly doubles.

Petra Weighs Future of Finsch Mine Amid Small-Stone Weakness

Cost-reduction assessment could see company suspend further capital expenditure at the deposit.

Lucara Maintains Guidance Despite Revenue Drop, Deepening Loss

Company posts first-quarter deficit of $14.6 million, compared to $100,000 last year.

Alrosa Looks to Revive Mir 10 Years After Flood

Miner is planning to reopen the deposit in 2027.

Mountain Province Sells Rights to $1M of Future Diamond Revenue

Majority shareholder gives miner $833,000 cash up front.

Ekati Diamond Mine Owner Files for Creditor Protection

Burgundy reaffirms its belief in deposit’s long-term viability.

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