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Karowe expects P2 billion in 2018 revenues

Friday, February 23, 2018

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Lucara Diamond Corp. forecasts that its fully owned Karowe Mine in the Boteti sub-district will produce up to 290,000 carats this year, earning US$200 million (about P2 billion), BusinessWeek has learnt.

The projections are contained in the Canadian firm’s latest financials released to the market on Wednesday morning.

In 2017, Lucara earned US$220.8 million (P2.1 billion) from the sale of 260,526 carats.

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