According to the Q4-2024 Ekati operational performance, 1.02 million carats recovered. Same in the Q4-2024 Sales performance report, 1.10 million carats sold over two auction events and other sales channels & $92/ct achieved for total proceeds of US$101 million (A$162 million).
Q4-2024 Corporate basket report, qualifying environmental trust established, with a total cash contribution of US$58.7 million made in 2024 with refundable tax credit. The qualifying environmental trust tax credits can be applied to 2024 taxable income, carry back to tax period ended December 2023 or carry forward to future years.
EBITDA of US$20.5 million (A$33.0 million) recorded and Cash of US$25.1 million (A$40.4 million) recorded. At the end of the 4Q, diamond inventory valued US$63.3 million (A$101.9 million) with the Net Debt of US$2.5 million (A$4.0 million), including diamond inventories. The Company progressed non-dilutive working capital opportunities.
By the end of the Q4-2024, Ekati Mine life extension work status say, Burgundy is on track to release its first mine plan by the end of Q1-2025. Burgundy will release the longer-term mine plan in the second half of the year. This plan could extend the life of mine to the mid-2030s.
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