De Beers Sales Volume Jumps After Price Cut
Miner lifts production plan following increase in Gahcho Kué stake.
Category: Mining
Average amount per carat up 42% year on year at $1,501.
Supreme Court of British Columbia grants company extension on creditor protection.
Miner engages with shareholders and government as deficit nearly doubles.
Cost-reduction assessment could see company suspend further capital expenditure at the deposit.
Company posts first-quarter deficit of $14.6 million, compared to $100,000 last year.
Miner is planning to reopen the deposit in 2027.
Majority shareholder gives miner $833,000 cash up front.
Burgundy reaffirms its belief in deposit’s long-term viability.
Miner estimates 42.9 million tonnes, a 6% increase from earlier report.
Restatement of rough index shows impact of 2025 “stock rebalancing.”
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