Burgundy Diamond Mines Reports A$596,000 Cash Balance at 30 September 2026 Quarter End

Sonal Goyal

03 November 2026 08:45 PM AEDT

Burgundy Diamond Mines Reports A$596,000 Cash Balance at 30 September 2026 Quarter End

Image Source: Krish Capital Pty Ltd

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Burgundy Diamond Mines Limited (ASX:BDM) disclosed cash and cash equivalents of A$596,000 at the end of the quarter ended 30 September 2026, down from A$11,668,000 at the beginning of the period, according to the company's quarterly cash flow report lodged with the ASX.

Key Points

Cash and cash equivalents stood at A$596,000 at 30 September 2026, compared with A$11,670,000 in the previous quarter.
Net cash used in operating activities was A$4,034,000 for the current quarter and A$142,508,000 for the nine months year to date.
Net cash used in investing activities was A$9,287,000 for the current quarter, entirely from other investing outflows.
Total loan facilities of A$301,046,000 were fully drawn at quarter end, leaving zero unused financing facilities.
Receipts from customers for the current quarter were A$8,251,000, with year-to-date receipts of A$42,203,000.

September 2026 Quarter Cash Flow Statement

For the quarter ended 30 September 2026, Burgundy Diamond Mines reported receipts from customers of A$8,251,000, while production payments totalled A$5,548,000, staff costs A$4,824,000, and administration and corporate costs A$1,628,000. Interest received was A$13,000. Net cash used in operating activities for the quarter was A$4,034,000. Net cash used in investing activities was A$9,287,000, with the full amount attributable to other investing outflows. Net cash from financing activities was A$2,496,000, sourced entirely from proceeds from borrowings. The effect of exchange rate movements on cash held was a negative A$247,000 for the quarter.

Nine-Month Year-to-Date Cash Flow Summary

For the nine months ended 30 September 2026, the company reported year-to-date receipts from customers of A$42,203,000. Net cash used in operating activities over the nine-month period was A$142,508,000, with production payments of A$120,295,000 and staff costs of A$44,371,000 being the largest components. Net cash used in investing activities for the nine-month period was A$22,097,000, which included A$13,076,000 in payments for property, plant and equipment. Net cash from financing activities for the nine-month period was A$126,897,000, comprising proceeds from borrowings of A$146,217,000, offset by repayment of borrowings of A$17,409,000, transaction costs of A$515,000 and principal lease payments of A$1,396,000.

Financing Facilities: LETL and DIP Arrangements

At quarter end, total loan facilities of A$301,046,000 were fully drawn with no unused capacity remaining. The company's subsidiary Arctic Canadian Diamond Company Ltd holds a Large Enterprise Tariff Loan facility of up to A$119.9 million (C$115.0 million), managed by the Canada Enterprise Emergency Funding Corporation, with a maturity date of 17 December 2032. The facility was further extended by A$61.5 million (C$60.0 million) during the quarter ended 31 March 2026. Additionally, during Q2 2026, Arctic Canadian Diamond Company Ltd received a non-revolving debtor-in-possession credit facility for an aggregate principal of C$60.0 million, with the first tranche of C$10.0 million drawn at an interest rate of 14.5% per annum.

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