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Lucapa Diamond Reports Strong Q1 2025 Performance Amid Challenges

Story Highlights
  • Lucapa Diamond saw a 74% increase in diamond grade and a 36% rise in revenue in Q1 2025.
  • The company finalized a key investment contract and identified promising exploration targets at Merlin.
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Lucapa Diamond Reports Strong Q1 2025 Performance Amid Challenges

Confident Investing Starts Here:

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.

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