Karowe expansion now fully financed
Proceeds from private placement and bought deal
Third 1,000+ carat diamond find since 2015
BMO forecasting revenue for the year the upper end of guidance, with room for upside
Lucara maintains positive outlook for diamond market
$220M debt to help fund underground development
$514M Karowe underground expansion closer to reality with debt injection
Diamond prices recovered by year-end, however
"I wouldn't be surprised if China surpassed the US as the world's top consumer of diamonds"
Market futures up
Unbroken 378-carat white gem could be worth $15 million.
Analysts estimate the 341 carat white gem could fetch US$10 million.
Lucara Diamond has secured its Karowe mining licence until 2046.
AngloGold Ashanti suspends its Cerro Vanguardia gold-silver mine in Argentina for 10 days
Glencore has reported a loss following impairments due to lower commodity prices.
Diamond market disruptor aims to bring producers and jewellers into alignment
Sales of larger stones deferred to third quarter.
Miner finds alternate sales path to traditional market
Diamond Producers Association morphs into Natural Diamond Council as synthetic threat grows
What impact is COVID-19 having on mining and METS?
Recovery area an 'economic driver' for underground plans
Latest sales tender achieved an average price of US$548 per carat - 40% higher than than Q3 price.
Lucara Diamonds is upbeat on its outlook for 2020 but analysts are unconvinced
Lucara Diamond Corp has plans to extend the life of the Kerowe mine out to 2040.
Lucara Diamonds has made two significant finds at its Karowe mine in Botswana
Net profit achieved in March quarter on higher sales and lower costs
Lucara chalks-up second 1,000ct+ find in four years to project's prospective South Lobe
Diamond sector in particular seeing fundamental changes from XRT, blockchain, synthetics
Botswana mine's South Lobe coming into its own
Karowe's South Lobe shows its value with latest 240ct 'top white' diamond find