Mining News

Lucara Diamond’s quarterly revenue rises on continued market buoyancy

Botswana-focused Lucara Diamond Corp has reported a 28% year-on-year increase in first-quarter revenue, reflecting continued buoyancy in diamond prices and the sale of several higher value rough diamonds.

The TSX-listed miner posted revenue of C$68.2-million from the sale of 80 295 ct from the Karowe mine. This included top-up payments of $11.7-million, as well as $1-million from the sale of third-party goods on the Clara platform.

In comparison, the company achieved revenues of $53.1-million from sales of 91 760 t in the first quarter of 2021.

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