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Lucapa's diamond guidance on track despite lower grades

ASX-listed Lucapa Diamond Company mined lower grades at its Lulo mine in Angola during the July-September period, which resulted in a drop in carat recovery and revenue, the company said.

Nathan Richardson
Lucapa's diamond guidance on track despite lower grades

The company's rough diamond revenue for the three months was US$14.6 million, which is down 43% year-on-year. Lucapa sold 16,588ct during the period, which is a 24% year on year drop. The company made...

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