Australia's Burgundy Diamond Mines plunges on missing EBITDA outlook

Burgundy Diamond Mines

28/01/2025 03:38

** Shares of Burgundy Diamond Mines  BDM.AX  slump 25.6% to
A$0.052, their lowest level since mid-December 2019
    ** Stock fell as much as 28.6% earlier in the day, marking
its worst intraday drop since mid-April 2021
    ** Diamond miner reports a 2% shortfall in recovered carats
and a 6% drop in EBITDA, both being below the CY24 guidance 
    ** Adds, rough diamond revenue per carat experienced a 10%
YoY decrease
    ** Around 7.3 mln shares change hands, 8x the 30-day avg
    ** Stock fell by 54.4% in 2024

 (Reporting by Kumar Tanishk in Bengaluru)
 ((Tanishk.Kumar@thomsonreuters.com;))