Commodities > Precious-stones

No March quarter surprises for Lucara

The overall performance of Lucara Diamond’s (TSX:LUC) Karowe diamond mine in Botswana during the March quarter was as expected, as was its financial results, although the latter fell year-on-year.

Commodities > Precious-stones

No March quarter surprises for Lucara

The overall performance of Lucara Diamond’s (TSX:LUC) Karowe diamond mine in Botswana during the March quarter was as expected, as was its financial results, although the latter fell year-on-year.

No March quarter surprises for Lucara

Diamond recoveries from Lucara's Karowe mine in Botswana rose year-on-year in the March quarter

The company reported a net loss of US$7 million, or $0.02 per share, for the March quarter, which compared to a net loss of $1.5 million a year ago.