Mining News

Strong diamond market pushes Lucara’s full-year revenue, Ebitda higher

Vancouver-headquartered Lucara Diamond Corporation achieved a more than five-fold year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $102.5-million for the financial year ended December 31. That compares with the adjusted Ebitda of $18.4-million reported for the 2020 financial year. Lucara has attributed the increase primarily to higher revenues of $230.1-million for 2021 – an 84% increase on the revenue of $125.3-million in 2020.

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