BUZZ-Australia's Burgundy Diamond Mines plunges on missing EBITDA outlook

Reuters

2025/01/28

** 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;))

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