Lucara Diamond Corp. has reported results for the quarter ended June 30, 2023, showing a revenue of $41.1 million (Q2 2022: $52.3 million).
The miner, which operates the Karowe diamond mine in Botswana, recovered 90,497 carats (Q2 2022: 86,317). A total of 162 Specials were recovered, with 13 diamonds greater than 100 carats including four diamonds greater than 200 carats. Adjusted EBITDA (Earnings before interest, taxes, depreciation and amortization) was $15.7 million (Q2 2022: $24.4 million). Net income was $5 million (Q2 2022: $12.5 million).
Lucara also reported that the mine has operated continuously for over 2.5 years without a lost time injury.
Eira Thomas, President & CEO commented: “Karowe delivered another solid quarter against plan in Q2 and as we returned to mining in the south lobe, the proportion of specials (diamonds greater than 10.8 carats) increased and has so far included the recovery of 13 stones over 100 carats that will be polished and sold in the latter half of the year […]” .
