Lucara expects P2.3bn in earnings

Thursday, February 27, 2020

Lucara Botswana MD Naseem Lahri PIC. THALEFANG CHARLES

Lucara Diamonds expects revenues from its Karowe Mine to reach up to US$210 million (P2.3 billion) this year, up from the US$192 million (P2.1 billion) recorded in 2019.

In a recent presentation of financials to investors, the Canadian firm said it however expected diamond sales of up to 390,000 carats down from the actual 411,732 carats sold in 2019.

Karowe has become world renowned for digging up stones such as Lesedi la Rona, Constellation and Sewelo.

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