Lucara's goose to lay more golden eggs

Karowe Mine
Karowe Mine

Lucara Diamond Corporation expects this year’s revenues from its proverbial goose that lays the golden eggs, Karowe Mine to reach between $180 million and $210 million (between P1.95 billion and P2.3 billion).

This will be a bump from the $125.3 million (P1.4 billion) in revenues recorded for 2020.

In a recent presentation of financials to investors, the Canadian firm said it expects diamond sales of up to 390,000 carats. In the year ended December 31, 2020, Lucara sold 373,748 carats at an average price of $335 per carat.

Editor's Comment
Stakeholders must step up veggie supply

The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...

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