Lucara beats revenue target as Karowe shines

Tuesday, April 08, 2014

Lucara Diamond Corporation realised revenues amounting to $180 million in 2013 to surpass a target of $118 million largely due to the recovery of large and exceptional diamonds from its Flagship asset, Karowe Mine.

In its 2013 year ending financial statement, Lucara stated that the Karowe 2013 year-end target of 440,000 carats recovered was also surpassed.

The company plans holding eight diamond tenders and two exceptional stone tenders during 2014. “The timing of these tenders will be based on Karowe’s production profile as well as commercial decisions to maximise diamond revenue,” the company directors said.

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