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The latest announcement is out from Lucapa Diamond Co. ( (AU:LOM) ).
Lucapa Diamond Company reported a strong start to 2025, with a 74% increase in diamond grade recovered and a 36% rise in revenue compared to the same period in 2024, despite challenges such as a local community blockade and the Angolan wet season. The company finalized the Lulo JV Mineral Investment Contract, increasing its stake to 51%, and identified promising exploration targets at its Merlin project, which could enhance its market positioning and stakeholder value.
More about Lucapa Diamond Co.
Lucapa Diamond Company Limited is a diamond mining company primarily focused on the exploration and production of diamonds. It operates in the mining industry with a significant focus on high-grade diamond mining in Angola, particularly through its Lulo alluvial mine.
YTD Price Performance: 40.0%
Average Trading Volume: 20,000
Technical Sentiment Signal: Buy
Current Market Cap: €4.16M
For a thorough assessment of LOM stock, go to TipRanks’ Stock Analysis page.