Core Insights - Mountain Province Diamonds Inc. reported significant declines in production and sales for Q2 2025 compared to Q2 2024, with a notable drop in carats recovered and average price per carat sold [1][4][10] Production Summary - Total tonnes mined increased by 32% year-over-year, reaching 10,444,919 tonnes in Q2 2025 compared to 7,911,091 tonnes in Q2 2024 [3][6] - Ore tonnes mined saw a drastic reduction of 86%, totaling 134,597 tonnes in Q2 2025, down from 971,311 tonnes in Q2 2024 [3][10] - Carats recovered were 708,072, which is a 46% decrease from 1,318,680 carats in Q2 2024 [3][10] - The average recovered grade was 0.80 carats per tonne, a 41% decline from 1.37 carats per tonne in Q2 2024 [3][10] Sales Results - In Q2 2025, 411,114 carats were sold for $36.8 million (US$26.6 million), averaging $90 per carat (US$65 per carat), compared to 557,361 carats sold for $56.8 million (US$41.5 million) at an average of $166 per carat (US$124 per carat) in Q2 2024 [4][10] Operational Commentary - The CEO noted that Q2 is a busy operational period, with successful completion of the annual ice-road resupply and improved conditions for mining and processing [5][6] - The company is ramping up production from the NEX orebody, expecting to treat approximately 100,000 tonnes in July, 140,000 tonnes in August, and 275,000 tonnes in September [8]

12 June 2025 Vast Resources plc ("Vast" or the "Company") Operational Update Vast Resources plc, the AIM quoted mining company, is pleased to announce that it has established a group technical services function including the input of experienced mining engineers, geologists and operations management which will be tasked with undertaking a review of Vast's existing asset base. The focus will be to establish a sustainable operational plan that will subsequently support ongoing technical studies aimed at unloc ...

Group 1 - The company intends to partner with selected diamond manufacturers, traders, jewellers, and luxury brands to enhance the value of its sustainably mined Canadian diamonds [1] - The decision to close the diamond cutting and polishing facility in Perth is based on a thorough assessment of its long-term viability [2] - The CEO expressed gratitude to the Perth team and emphasized the company's commitment to vertical integration through its sales office in Antwerp and strategic partnerships [3] Group 2 - The closure of the Perth facility is not expected to have any material financial or production impacts for the company, with the process anticipated to be completed by mid-year 2025 [3] - Burgundy Diamond Mines focuses on capturing margins across the entire diamond value chain, including mining, production, cutting, polishing, and sales [5] - The company has established a vertically integrated business model that ensures traceability and ethical production of diamonds from mining to marketing [5]

Our weekly briefing covering top news flow in the space, chart of the week, latest positioning data, commodity price moves, sound bites from the supply chain, recent global research, upcoming events and corporate access. Chart of the Week FIGURE 1. CISA estimates nationwide YTD steel production to late April is up 5.4% YTD (vs NBS +1.1% to March). If China strictly enforces the speculated 50mt crude steel output restrictions, steel prices should see strong gains given low inventories across the supply chain ...

Core Insights - Burgundy Diamond Mines Limited released its 2024 Socio-Economic Report, showcasing achievements in safety, operations, and social impact related to the Ekati Diamond Mine [1][2][3] Group 1: Socio-Economic Contributions - The company contributed $5.1 million across Canada's North through Impact Benefit Agreement payments, community donations, and sponsorships [8] - Employed 1,242 individuals, including 700 employees and 542 contractors, with 28% being northern residents, of which 60% were northern Indigenous [8] - Spent $431 million on business expenditures, with 68% allocated to Indigenous partners and other northern businesses; Indigenous spending accounted for 49% of total expenditures [8] Group 2: Operational Achievements - Burgundy Diamond Mines solidified its position as the largest G7 producer of natural diamonds, supplying 4% of global rough diamonds [8] - Achieved a milestone of 100 million carats mined over 26 years of ongoing production at the Ekati Diamond Mine [8] Group 3: Commitment to Responsible Mining - The report emphasizes the company's commitment to responsible mining and maintaining collaborative relationships with northern stakeholders and the government [3] - The company aims to manage its environmental footprint and govern its business in a transparent, ethical, and accountable manner [3][11]

Core Viewpoint - Vast Resources plc has successfully released a Historic Parcel of diamonds, revealing additional gem-quality stones, which enhances the company's asset value and prepares for future sales [2][3][4]. Company Update - The final packing list has been received following the Kimberly Process inspection, confirming the release of the Historic Parcel [2]. - An Additional Parcel containing 6,055.35 carats of gem-quality stones was discovered, increasing the total estimated quantity of diamonds in the Historic Parcel to 135,139.47 carats, with 36,475.26 carats identified as gem quality [3][4]. - The company is currently sorting the diamonds in Dubai and plans to clean and prepare them for sale, with initial results expected in the coming weeks [4]. Sales Strategy - The Board anticipates a phased selling process to maximize value for the company and its shareholders [4]. - The company looks forward to providing further updates as progress continues [5]. Company Profile - Vast Resources plc is an AIM quoted mining company with operations in Romania, Tajikistan, and Zimbabwe, focusing on advancing high-quality projects and recommencing production at previously operating mines [8]. - The Romanian portfolio includes a 100% interest in the Baita Plai Polymetallic Mine, which has a JORC compliant Reserve & Resource Report supporting an initial production life of approximately 3-4 years [9]. - The company is also working on bringing the Manaila Polymetallic Mine back into production and has secured an Extended Exploitation Licence for further resource examination [10]. - In Tajikistan, Vast has a joint venture for the Takob Mine, providing a 12.25% royalty on sales, and is contracted to manage the Aprelevka gold mines, aiming to increase production to historical peak levels [12][13].

Ekati Diamond Mine Misery Underground Ongoing operations at Ekati's Misery Underground mine. CALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) provided the filing of its financial and operating results for the first quarter (Q1-2025) ended March 31, 2025, to the Australian Stock Exchange on April 30, 2025. During the quarter, Ekati’s operational team fully relocated surface mining equipment to Point Lake and transferred production per ...

Ekati Diamond Mine Misery Underground Ongoing operations at Ekati's Misery Underground mine. CALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) provided the filing of its financial and operating results for the first quarter (Q1-2025) ended March 31, 2025, to the Australian Stock Exchange on April 30, 2025. During the quarter, Ekati’s operational team fully relocated surface mining equipment to Point Lake and transferred production per ...

Core Viewpoint - Arctic Star Exploration Corp. is facing a litigation claim filed by Robert and Sandy Shindleman, seeking damages of $600,000 plus punitive damages and costs related to a private placement conducted in 2015 [1][2][3] Group 1: Litigation Details - The litigation claim alleges that the 2015 private placement did not qualify as an eligible flow-through offering under the Income Tax Act (Canada) [2] - The company intends to vigorously defend itself against these allegations and denies any liability as claimed [3] Group 2: Company Overview - Arctic Star is primarily a diamond exploration company, having recently discovered five new kimberlites in the Lac De Gras kimberlite field, which supports two multi-billion dollar kimberlite mining complexes [4] - The company holds a 958 Ha exploration permit for its Timantti project in Kuusamo, Finland, which contains several diamond-bearing kimberlites [4]