Record Performances and Increased Revenue Guidance at Lucapa

By John Jeffay / October 18, 2021 / www.idexonline.com / Article Link

(IDEX Online) - Lucapa today announced record performances at its mines in Angola and Lesotho, reflecting strong post-lockdown demand for diamonds. The Australian miner raised its full-year revenue guidance last week by up to 27 per cent, in what it calls a "resurgent diamond market".It said Q3 throughput at the Lulo mine, in Angola, and Mothae, in Lesotho, were both at record high levels.  Lulo also recorded its highest quarterly carat recovery.Lucapa said it was continuing to recover fancy pinks and other high-value stones.In its quarterly activities report to 30 September, Lucapa said: "Strong demand and constrained supply (is) driving prices to levels last seen in 2012."The two mines together processed 324,115 tonnes of ore during the quarter, a variance of +616 per cent on the same period in Covid-hit 2020.  Carats recovered were up 179 per cent to 10,475.Pic shows selection of rough white, pink and yellow diamonds recovered during Q3

Recent News

Another 'Bubble Check' for the gold sector

September 08, 2025 / www.canadianminingreport.com

Gold stocks continue to hit new highs

September 08, 2025 / www.canadianminingreport.com

Some mining stocks exposed to Burkina Faso take major hit

September 02, 2025 / www.canadianminingreport.com

Gold stocks again hit new highs

September 02, 2025 / www.canadianminingreport.com

Gold stocks reach new highs on metal price gain

August 25, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok