GJ Town India

The Ekati significantly reducing debt position   Burgundy Diamond Mines announces that it has successfully paid out its Convertible Notes totaling US$23.6 million, significantly reducing its debt position. Kim Truter, Burgundy CEO and MD, commented, “We had several options for our Convertible Notes, and we believe this was the best way forward for the Company.   We are pleased to take this major step in further strengthening our balance sheet. The fact we have opted to pay this out in cash highlights the strength and belief in our business and our optimism in the diamond market.” Michael O’Keeffe, Non-executive Chairman, added, “Despite being a countercyclical acquisition, the tier-1 nature of the mine and infrastructure has generated approximately A$196 million in EBITDA during the first 12 months of operations.   This is providing flexibility to both de-lever the balance sheet and develop the resource base to extend mine life. The Ekati asset continues to outpe...

Average price per carat earned US$1,213 in 1H   The Board, management and key stakeholders in Lucapa have deep global diamond industry experience and networks all through the value chain from exploration to retail. Refer to the review of operations contained in the directors’ report of the Interim Financial Report for the six months ended 30 June 2024 and the subsequent events. The consolidated interim financial statements for the half year ended 30 June 2024 have been reviewed by the Company’s auditors.    Lucapa diamond miner and explorer with assets in Angola and Australia. It has an interest in the Lulo Diamond Mine in Angola which has been in commercial production since 2015. The large, high-value diamonds produced from Lulo attracts the highest prices per carat for alluvial diamonds globally.    Lucapa also has a 39% interest in the Lulo Kimberlite Exploration Joint-Venture, which is exploring for the potential primary source kimberlites at the prolifi...

Added to noble capital markets’ Channelchek research platform Brazil Minerals Inc (BMIX) announced that the Company, and its subsidiary Jupiter Gold, have been added to Channelchek. Channelchek is an emerging growth investor portal developed by Noble Financial Group Inc, affiliated with Noble Capital Markets, Inc. The portal offers investors free access to balanced news, advanced market data, equity research, webcasts, podcasts and more. Brazil Minerals also announced that its revised website is now accessible at brazil-minerals Online. Marc Fogassa, Chief Executive Officer of the Company, commented, “Brazil Minerals has begun working with Noble on a capital raise, as previously disclosed in a press release, and it has been a very productive relationship. We are now pleased to see both Brazil Minerals and Jupiter Gold added to Channelchek, which will allow a broader number of investors to learn about them.” Brazil Minerals’ goal with the current raise is to pro...