Lucapa Reports Record Revenues from Lulo and Mothae

By John Jeffay / July 11, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Lucapa reported record revenues for Q2 of 2021 from both at its Lulo alluvial mine, in Angola, and the Mothae kimberlite mine, in Lesotho.The Australian miner described the performances as "very solid".Lulo brought in $28.7m, its highest quarterly revenue, at an average $4,476 per carat as it processed record volumes.A tender of seven top-quality and fancy colored diamonds diamond with a combined weight of 620 carats (pictured), accounted for most of the quarter's revenue  - a total of $21.4m.  They were sold last month in Luanda, Angola.Mothae's revenue for Q2 was a record $4.8m, with an average price of $504 per carat."The operational performance at the Lulo and Mothae mines, notwithstanding the adverse influence of Covid-19, inclement weather and expansion optimisation delays, have been very solid in the first six months of 2021," said Lucapa managing director  Stephen Wetherall.

Recent News

Gold stocks down on metal decline

June 23, 2025 / www.canadianminingreport.com

Huge quantifiable rise in geopolitical, economic and trade risks

June 23, 2025 / www.canadianminingreport.com

Platinum clearly ahead of palladium for first time in seven years

June 16, 2025 / www.canadianminingreport.com

Gold majors take the lead

June 16, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok