Canada’s first diamond mine to shut down
Canada’s first diamond mine, Ekati in the Northwest Territories, will shut down following a Supreme Court of British Columbia ruling placing it into receivership this week. Arctic Canadian Diamond, a…
Burgundy Diamond Mines
Ekati mine owner seeks creditor protection amid diamond decline in Canada’s Far North
Rising costs, depressed prices and heightened competition from synthetic stones have forced the owner of the Ekati diamond mine in Canada’s Far North to file for insolvency protection. Arctic Canadian…
Editorial: Voyage from the bottom of ice station zebra
The closure in July of the Point Lake part of the Ekati complex in the Northwest Territories is the latest blow to Canada’s Far North diamond industry. Owner Burgundy Diamond…
Gem Diamonds to cut jobs amid industry collapse
Gem Diamonds (LSE: GEMD) has become the latest casualty in a deepening crisis engulfing the global diamond industry, announcing sweeping cost-cutting measures as the market buckles under falling prices and…
Burgundy halts Ekati pit mining, lays off hundreds
Nearby Misery underground mine will continue to operate for now.
Decarbonization out of sync with diesel dependence
In Canada’s Far North, where the effects of climate change are readily apparent, decarbonization goals are stunted by a lack of infrastructure and diesel dependence. Agnico Eagle Mines (TSX, NYSE:…
Burgundy Diamond halts Sable expansion plans at Ekati in Northwest Territories
Burgundy Diamond Mines (ASX: BDM), owner of the Ekati diamond mine in the Northwest Territories, says it has pulled plans for underground mining at the Sable open pit following feedback…
Diamond finds could extend NWT’s Misery mine ‘well past 2026,’ Burgundy says
Results from summer drilling at Burgundy Diamond’s (ASX: BDM) Ekati mine in the Northwest Territories could help extend production at the underground Misery mine much longer than expected, the company…
Video: New discoveries needed to revive Canada’s flagging diamond sector
Canada’s natural diamond market needs a new discovery to invigorate investor interest in a flagging industry, says sector heavyweight Eira Thomas. The Lucara Diamond (TSX: LUC) CEO says several diamond…
Top Ten Australian juniors exploring in Canada
The following companies are the Top Ten Australian-headquartered juniors with a market capitalization of less than $1 billion, and have one or more active exploration projects in Canada, ranked according…
Australian Burgundy buys Canada’s largest diamond operation, Arctic Canadian
Burgundy Diamond Mines (ASX: BDM) is buying debt-burdened Arctic Canadian, owner of Canada’s largest gem workings, the Ekati mine, to become one of the world’s biggest diamond operations. The purchase…
Six Canadian-listed diamond companies poised to prosper as market recovers
Whether they’re producers, developers or explorers, Canadian-listed diamond companies are a tough lot. Those that have survived the disruptions of the pandemic — and the soft diamond market that preceded…