Burgundy Diamond Mines Limited
BDM.ASXMaterials
Mining, production, cutting and polishing, and sale of rare fancy coloured diamonds
Market Data
$0.017
0.0%-$1.00
-100000.0x
$-0.086
0.00%
-0.4%
Latest Earnings
Preliminary Final Report
27 February 2026
Burgundy Diamond Mines reported a deeply challenging FY2025, with revenue collapsing 58% to US$186.2M as Point Lake mining operations were suspended in July 2025 due to US-India tariff impacts crushing diamond prices. The net loss narrowed slightly to US$86.8M (from US$103.2M in FY2024, though the prior year included a US$151.6M impairment charge), while the company swung to negative equity of US$42.6M. Going concern risk is explicitly flagged, with the auditor expected to include a material uncertainty paragraph, and the company is reliant on Canadian government tariff loan facilities and potential additional debt/equity financing to survive the next 12 months. Key points: Net loss narrowed to US$86.8M from US$103.2M in FY2024 (though FY2024 included US$151.6M impairment charge, making underlying performance comparison unfavourable); Operating cash flow of US$42.6M generated despite severe revenue decline, aided by inventory drawdown of ~US$65.9M and working capital management; Secured up to CDN$115M (US$83.4M) from Canada's Large Enterprise Tariff Loan Facility (LETL) to support liquidity; CDN$70M drawn post year-end
Recent Announcements
Preliminary Final Report
Burgundy Diamond Mines reported a deeply challenging FY2025, with revenue collapsing 58% to US$186.2M as Point Lake mining operations were suspended in July 2025 due to US-India tariff impacts crushing diamond prices. The net loss narrowed slightly to US$86.8M (from US$103.2M in FY2024, though the prior year included a US$151.6M impairment charge), while the company swung to negative equity of US$42.6M. Going concern risk is explicitly flagged, with the auditor expected to include a material uncertainty paragraph, and the company is reliant on Canadian government tariff loan facilities and potential additional debt/equity financing to survive the next 12 months. Key points: Net loss narrowed to US$86.8M from US$103.2M in FY2024 (though FY2024 included US$151.6M impairment charge, making underlying performance comparison unfavourable); Operating cash flow of US$42.6M generated despite severe revenue decline, aided by inventory drawdown of ~US$65.9M and working capital management; Secured up to CDN$115M (US$83.4M) from Canada's Large Enterprise Tariff Loan Facility (LETL) to support liquidity; CDN$70M drawn post year-end
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