Karowe Mine lowers production target

Tuesday, August 08, 2017

Karowe Mine target to produce a maximum of 285,000 carats in 2017

Lucara Diamond Company has lowered its production outlook for 2017 after its mining contractor encountered problems with availability of equipment in the second quarter.

Announcing its second quarter financials, Lucara said production from Karowe is now expected to be between 265,000 and 285,000 carats, compared to the initial target of 290,000 to 310,000.

Sales volumes forecast were also reduced to between 260,000 and 275,000 against a 290,000 to 310,000 target.

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