Australia's Burgundy Diamond Mines eyes best day in 7 weeks on robust Q3

Burgundy Diamond Mines

31/10/2023 24:25

** Shares of Burgundy Diamond Mines  BDM.AX  climb as much
as 6.5% to A$0.165, posting their biggest intraday percentage
gain since Sept. 13 
    ** Co posts 13% increase in third-quarter revenue to A$91.2
mln ($58.06 mln) from a year earlier 
    ** Logs average realised price of A$116 per carat during
third quarter, up 29% from a year earlier
    ** Says co recovered 1.4 mln carats during the quarter, up
36% vs year ago 
    ** Stock down 48.3% this year, as of last close, vs a 3.8%
decline in the benchmark S&P/ASX 200 index  .AXJO  

($1 = 1.5708 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)
 ((Roushni.Nair@thomsonreuters.com;))