logo
UPDATE -- Burgundy Diamond Mines reports first quarter 2025 results

UPDATE -- Burgundy Diamond Mines reports first quarter 2025 results

Yahoo30-04-2025
Ekati Diamond Mine Misery Underground
CALGARY, Alberta, April 30, 2025 (GLOBE NEWSWIRE) -- Burgundy Diamond Mines Limited (ASX:BDM) (Burgundy or the Company) provided the filing of its financial and operating results for the first quarter (Q1-2025) ended March 31, 2025, to the Australian Stock Exchange on April 30, 2025.
During the quarter, Ekati's operational team fully relocated surface mining equipment to Point Lake and transferred production personnel to the Misery camp.
'This co-location of Point Lake and Misery unlocks improved operational efficiencies, increases effective shift time, and enables a step change downward in mining costs,' said Kim Truter, CEO of Burgundy Diamond Mines.
The transition to Point Lake saw some ore supply disruption due to wet and muddy mining conditions, which have been addressed by the end of the quarter. Misery production was also lower than planned due to cold winter conditions, which froze the ore blanket and inhibited free ore flow through the underground draw points. A targeted campaign to increase production ring drilling, blast the frozen ore, and expand underground haul capacity ensured that Misery production was back on track by the end of the quarter.
'We continue to place a strong focus on strengthening Burgundy's balance sheet, and I am pleased that we reached an agreement with Macquarie Bank during the quarter for an innovative fuel offtake contract that improves working capital and has potential for a multi-year agreement,' said Truter.
First quarter operational and financial highlights:All currency unless otherwise noted, is presented in US dollars.
Ore tonnes mined: 0.6 million tonnes, decreased by 57% from (Q1-2024: 1.4 million tonnes)
Tonnes processed: 0.6 million tonnes, decreased by 46% from (Q1-2024: 1.0 million tonnes)
Carats recovered: 0.8 million, decreased by 33% from (Q1-2024: 1.2 million)
Carats recovered per tonne processed: 1.4 C/t, increased by 25% from (Q1-2024: 1.1 C/t)
Carats sold: 1.2 million from three auctions and other sales events, down 11% from (Q1-2024: 1.3 million)
$62/ct. achieved for total proceeds of $73 million (A$116 million)
Adjusted EBITDA: $6.5 million; (A$10.3 million)
Cash of $38.8 million; (A$61.7 million)
To view the full ASX Q1-2025 quarterly activities report, please visit burgundydiamonds.com/financial-reports.
All figures presented in this release are in US dollars and include performance results and metrics across all of Burgundy's operations, including Ekati Diamond Mine, the company's rough diamond sales office in Antwerp, Belgium and diamond cutting and polishing facility in Perth.
Investor enquiriesinvestor@burgundydiamonds.com
Media enquiriescommunications@burgundydiamonds.com
About Burgundy Diamond Mines Limited
Burgundy Diamond Mines is a premier independent global scale diamond company focused on capturing the end-to-end value of its unique vertically integrated business model.
Burgundy's innovative strategy is focused on capturing margins along the full value chain of the diamond industry, including mining, production, cutting and polishing, and the sale of diamonds. By building a balanced portfolio of diamond projects in favourable jurisdictions, including the globally ranked Canadian mining asset, Ekati, and a diamond cutting and polishing facility in Perth, Burgundy has unlocked access to the full diamond value chain. This end-to-end business model with total chain of custody provides traceability along every step of the process, with Burgundy able to safeguard the ethical production of the diamonds from mining to marketing and discovery to design. Burgundy was founded in Perth, Western Australia. The company is led by a world-class management team and Board.
Caution regarding Forward Looking Information
This document contains forward looking statements concerning Burgundy Diamond Mines Limited. Forward looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward-looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements in this document are based on Burgundy's beliefs, opinions and estimates as of the dates the forward-looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions or estimates should change or to reflect other future developments.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4ad8c3d2-3979-4a9b-8dff-2e49f86e0df2
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Citi Reaffirms Their Hold Rating on Endeavour Group Ltd (EDV)
Citi Reaffirms Their Hold Rating on Endeavour Group Ltd (EDV)

Business Insider

time12 hours ago

  • Business Insider

Citi Reaffirms Their Hold Rating on Endeavour Group Ltd (EDV)

Citi analyst Sam Teeger maintained a Hold rating on Endeavour Group Ltd today and set a price target of A$4.59. The company's shares closed today at A$4.12. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Teeger is a 3-star analyst with an average return of 2.3% and a 42.40% success rate. Teeger covers the Consumer Cyclical sector, focusing on stocks such as Lovisa Holdings Ltd., ARB Corporation , and Breville Group . In addition to Citi, Endeavour Group Ltd also received a Hold from Morgan Stanley's Melinda Baxter in a report issued on July 18. However, on July 19, TR | OpenAI – 4o reiterated a Buy rating on Endeavour Group Ltd (ASX: EDV). The company has a one-year high of A$5.55 and a one-year low of A$3.79. Currently, Endeavour Group Ltd has an average volume of 3.63M. Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of EDV in relation to earlier this year.

ASX Penny Stocks Spotlight Delta Lithium And Two Others
ASX Penny Stocks Spotlight Delta Lithium And Two Others

Yahoo

time14 hours ago

  • Yahoo

ASX Penny Stocks Spotlight Delta Lithium And Two Others

Australian shares are set to open slightly higher, with the ASX 200 futures showing resilience amid global trade discussions, particularly between the U.S. and EU. In this context of international negotiations and market fluctuations, investors may find value in exploring smaller or newer companies that fall under the category of penny stocks—a term that might seem outdated but remains relevant for those seeking unique investment opportunities. These stocks can offer a blend of potential growth and financial stability, making them intriguing options for investors looking to uncover hidden value within the Australian market. Top 10 Penny Stocks In Australia Name Share Price Market Cap Financial Health Rating Alfabs Australia (ASX:AAL) A$0.40 A$114.64M ★★★★☆☆ EZZ Life Science Holdings (ASX:EZZ) A$2.25 A$106.14M ★★★★★★ GTN (ASX:GTN) A$0.615 A$117.26M ★★★★★★ IVE Group (ASX:IGL) A$3.05 A$470.25M ★★★★★☆ West African Resources (ASX:WAF) A$2.42 A$2.76B ★★★★★★ Southern Cross Electrical Engineering (ASX:SXE) A$1.81 A$478.58M ★★★★★★ Regal Partners (ASX:RPL) A$2.64 A$887.63M ★★★★★★ Sugar Terminals (NSX:SUG) A$0.99 A$360M ★★★★★★ Navigator Global Investments (ASX:NGI) A$1.80 A$882.14M ★★★★★☆ CTI Logistics (ASX:CLX) A$1.915 A$154.24M ★★★★☆☆ Click here to see the full list of 464 stocks from our ASX Penny Stocks screener. Underneath we present a selection of stocks filtered out by our screen. Delta Lithium Simply Wall St Financial Health Rating: ★★★★★★ Overview: Delta Lithium Limited engages in the exploration and development of lithium and gold properties in Western Australia, with a market capitalization of A$121.81 million. Operations: Delta Lithium Limited has not reported any revenue segments. Market Cap: A$121.81M Delta Lithium Limited, with a market cap of A$121.81 million, is pre-revenue and currently unprofitable. Despite this, it maintains a sufficient cash runway for over a year based on current free cash flow. The company has seen no significant shareholder dilution recently and remains debt-free with short-term assets exceeding both short-term and long-term liabilities. However, earnings are forecast to decline by 42.5% annually over the next three years. Recent board changes include the resignation of Director Tim Manners, but the board composition is deemed appropriate without an immediate replacement needed. Jump into the full analysis health report here for a deeper understanding of Delta Lithium. Learn about Delta Lithium's future growth trajectory here. LaserBond Simply Wall St Financial Health Rating: ★★★★★★ Overview: LaserBond Limited is a surface engineering company in Australia that focuses on improving the performance and longevity of machinery components, with a market cap of A$56.47 million. Operations: The company generates revenue through three primary segments: Products (A$14.17 million), Services (A$25.27 million), and Technology (A$2.56 million). Market Cap: A$56.47M LaserBond Limited, with a market cap of A$56.47 million, operates across Products, Services, and Technology segments. The company is debt-free and has a seasoned management team with an average tenure of 4.7 years. Short-term assets (A$22.6M) exceed both short-term (A$9.6M) and long-term liabilities (A$12M), indicating financial stability despite recent negative earnings growth (-35.4%). Profit margins have declined from 11.1% to 6.8%, yet high-quality earnings are maintained with no significant shareholder dilution over the past year. Earnings are projected to grow by 48% annually, suggesting potential for future profitability improvements in this volatile sector. Navigate through the intricacies of LaserBond with our comprehensive balance sheet health report here. Explore LaserBond's analyst forecasts in our growth report. Mach7 Technologies Simply Wall St Financial Health Rating: ★★★★★☆ Overview: Mach7 Technologies Limited offers enterprise imaging data sharing, storage, and interoperability solutions for healthcare enterprises globally, with a market cap of A$101.04 million. Operations: The company's revenue is derived from Software Licenses (A$17.32 million), Professional Services (A$3.92 million), and Maintenance and Support (A$12.28 million). Market Cap: A$101.04M Mach7 Technologies Limited, with a market cap of A$101.04 million, focuses on healthcare imaging solutions and expects revenue between A$33 million and A$34 million for the fiscal year ending June 2025. Despite being unprofitable with negative return on equity (-9.98%), the company maintains financial stability with short-term assets (A$34.9M) exceeding both short-term (A$14.8M) and long-term liabilities (A$5.3M). Mach7 is debt-free but has an inexperienced management team averaging 0.1 years in tenure, while its board is more seasoned at 5.5 years average tenure, suggesting potential governance strength amidst operational challenges. Unlock comprehensive insights into our analysis of Mach7 Technologies stock in this financial health report. Examine Mach7 Technologies' earnings growth report to understand how analysts expect it to perform. Next Steps Unlock our comprehensive list of 464 ASX Penny Stocks by clicking here. Curious About Other Options? Uncover 16 companies that survived and thrived after COVID and have the right ingredients to survive Trump's tariffs. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include ASX:DLI ASX:LBL and ASX:M7T. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Fenix Resources (ASX:FEX) delivers shareholders massive 47% CAGR over 5 years, surging 10% in the last week alone
Fenix Resources (ASX:FEX) delivers shareholders massive 47% CAGR over 5 years, surging 10% in the last week alone

Yahoo

time15 hours ago

  • Yahoo

Fenix Resources (ASX:FEX) delivers shareholders massive 47% CAGR over 5 years, surging 10% in the last week alone

For many, the main point of investing in the stock market is to achieve spectacular returns. While not every stock performs well, when investors win, they can win big. To wit, the Fenix Resources Limited (ASX:FEX) share price has soared 344% over five years. If that doesn't get you thinking about long term investing, we don't know what will. It's also up 14% in about a month. Since the stock has added AU$22m to its market cap in the past week alone, let's see if underlying performance has been driving long-term returns. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. There is no denying that markets are sometimes efficient, but prices do not always reflect underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During the five years of share price growth, Fenix Resources moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. The image below shows how EPS has tracked over time (if you click on the image you can see greater detail). Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here. What About The Total Shareholder Return (TSR)? We'd be remiss not to mention the difference between Fenix Resources' total shareholder return (TSR) and its share price return. The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. Its history of dividend payouts mean that Fenix Resources' TSR of 586% over the last 5 years is better than the share price return. A Different Perspective While the broader market gained around 13% in the last year, Fenix Resources shareholders lost 16%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. Longer term investors wouldn't be so upset, since they would have made 47%, each year, over five years. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand Fenix Resources better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Fenix Resources , and understanding them should be part of your investment process. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of companies we expect will grow earnings. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Australian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store