Lucara’s take care of HB, which buys all stones over 10.8 carats discovered at Karowe, contributed to the general enhance in gross sales, the corporate stated. The income from this settlement rose 15% year-on-year to $29.5 million.
In contrast to most of its closest opponents, Lucara produces a big quantity of huge, high-quality diamonds, for which the pricing has remained steady, in comparison with smaller, lower-quality diamonds, the Canadian miner stated.
“These distinctive stones, coupled with Lucara’s revolutionary gross sales methods, permit us to navigate present market situations successfully,” chief govt William Lamb stated within the assertion.
From March to June, the corporate recovered 206 particular diamonds, outlined as tough diamonds weighing greater than 10.8 carats, which represented 6.9% by weight of the overall recovered carats from the processed ore.
Vital diamond recoveries through the interval included a 491-carat Kind IIa diamond, a 225.6-carat Kind IIa diamond, and a 109-carat Kind IIa diamond.
Work on the underground growth challenge on the iconic mine additionally progressed effectively through the quarter, Lucara stated, with manufacturing from the brand new mine part anticipated in early 2028.
The corporate famous the challenge would lengthen the lifetime of the Karowe mine to 2040.