Lucapa's Q2 Sales Slide by 36% to $21.8m

By John Jeffay / August 03, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Lucapa saw sales slide by more than a third (36 per cent) during the last quarter, down to $21.8m.At its Lulo deposit (pictured), in Angola - the mine where an historic 170-ct pink diamond was recovered last month - the Australian miner reported a 47 per cent drop in revenue to $15.6m.Meanwhile its smaller mine, Mothae, in Lesotho, saw a 27 per cent increase in revenue to $6.2m. Lucapa said the rough price per carat across both mines had fallen by 42 per cent from Q2 2021 to the same period this year.Managing director Stephen Wetherall said: "Mining operations performed steadily during the quarter, however the inflationary and constrained supply environment impacted on Mothae in the first half. "The second half of the year has started more strongly, and we continue to focus on optimising plant throughputs and reducing costs in the current operating environment."

Recent News

Mixed outlook for gold as it remains range bound for past three months

June 30, 2025 / www.canadianminingreport.com

Gold stocks down on flat metal price

June 30, 2025 / www.canadianminingreport.com

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
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok