Lucapa Diamond Co. Ltd. ( (AU:LOM) ) has shared an update.
Lucapa Diamond Company Limited reported its financial results for the year ending December 31, 2024, highlighting a rough diamond revenue of US$54.2 million and an average realized price per carat of US$1,980. The company divested its 70% stake in the Mothae Diamond Mine in Lesotho, which impacted its financials, as seen in the transition from a loss to a profit in discontinued operations. This strategic divestment, along with other financial maneuvers like a placement and share purchase plan, positions Lucapa to focus on its core operations and potentially improve its market standing.
More about Lucapa Diamond Co. Ltd.
Lucapa Diamond Company Limited is an ASX-listed diamond miner and explorer with assets in Angola and Australia. The company holds interests in the Lulo Diamond Mine in Angola, known for producing large, high-value alluvial diamonds, and is involved in the Lulo Kimberlite Exploration Joint-Venture. Lucapa also acquired the Merlin Diamond Project in Australia, enhancing its strategic position in the diamond industry.
YTD Price Performance: 40.0%
Average Trading Volume: 67,214
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €5.26M
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