Australia's Burgundy Diamond Mines slides on wider full-year loss

Burgundy Diamond Mines

28/02/2025 03:34

** Burgundy Diamond Mines BDM.AX slides 11.7% to A$0.053, lowest since February 18

** Co posts net loss after taxes of $94.7 mln for year ended December 31, 2024 vs $0.7 million in six months ended December 31, 2023

** Says significant rise in FY net loss primarily due to net impairment expense of $83.2 mln relating to Ekati Diamond Mine

** Rev from ordinary activities at $442.1 mln for year ended December 31, 2024 versus $257.5 mln in six months ended December 31, 2023

** Stock down 32.6% so far this year, as of last close

($1 = A$1.6095)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com;))