Star Diamond Says Its 2024 Widens on Higher Spending

, MT Newswires -  11:10 AM ET 3/31/2025 Company News

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11:10 AM EDT, 03/31/2025 (MT Newswires) -- Star Diamond ( SHGDF ) said its 2024 loss widened.

The company posted a loss of $6.0 million, or $0.01 per share, compared to a year-prior loss of $2.8 million, or $0.01.

The company said the increase in its loss was primarily due to the current year's increase in exploration and evaluation expenditures upon the acquisition of Rio Tinto's 75% interest in the Fort a la Corne property.

It had no revenue in either year.

Star Diamond ( SHGDF ) also cited higher corporate development expenditures.

For its outlook, Star Diamond ( SHGDF ) said it will focus on the technical investigation and evaluation of the Star-Orion South diamond project in Saskatchewan, with the goal of a future development decision.

The company's shares were last seen down $0.01 to $0.06 on the Toronto Stock Exchange.

Price: 0.06, Change: -0.01, Percent Change: -14.29

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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