Lucara lift revenue forecasts

Tuesday, August 19, 2014

Promoters of Karowe Diamond mine in Boteti, Lucara Diamonds has increased revenue forecast by 60 percent to $250million (P2.2 billion) for 2014. The increase arose out of year to date sales, current diamond inventory and its forecast production.

In a statement, the company says that it has maintained its overall cost outlook for the mine of between $31-$33 per tonne ore processed with Karowe operating performance exceeding targets during the first six months of 2014.

“The company recovered a record number of 252 special stones (above 10 carats) during the period with an average size of 27.84 carats.

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Lucara lift revenue forecasts

Promoters of Karowe Diamond mine in Boteti, Lucara Diamonds has increased revenue forecast by 60 percent to $250million (P2.2 billion) for 2014. The increase arose out of year to date sales, current diamond inventory and its forecast production.

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