Burgundy Diamond Mines Ltd. Stock Analysis BDM.AX

Burgundy Diamond Mines Ltd. engages in mining, production, cutting and polishing, and sale of diamonds. The company is headquartered in Perth, Western Australia. The company went IPO on 2013-01-04. The principal activities of the Company include operation of the 100% owned Ekati diamond mine located in Canada's Northwest Territories, sale of rough diamonds through auctions held in Antwerp Belgium and sale of polished diamonds manufactured in Company’s cutting and polishing facility in Perth Australia. The company is focused on the mining, production, cutting, polishing and sale of diamonds. Its segments include Rough Diamond and Polished Diamond. The Rough Diamond segment encompasses mining, sales, and marketing of rough diamonds. The Polished Diamond segment encompasses manufacturing, sales, and marketing of polished diamonds. Its Ekati diamond mine is located in the Lac de Gras region of the Northwest Territories of Canada, approximately 300 kilometers northeast of Yellowknife. The Ekati Mine property consists of 122 mining leases totaling about 113,485 hectares.