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Lucapa Diamond Co. Ltd. ( (AU:LOM) ) has issued an update.
Lucapa Diamond Company reported a productive fourth quarter in 2024, with significant improvements in diamond recovery and the discovery of promising base metal targets at their Merlin project. The company achieved a 43% increase in the recovery of special-sized diamonds at the Lulo mine, although revenue per carat dropped due to fewer larger stones sold compared to the previous year. Looking forward, Lucapa plans to enhance production through ongoing river diversions and further exploration at Merlin, supported by a recent capital raise.
More about Lucapa Diamond Co. Ltd.
Lucapa Diamond Company Limited is a diamond mining and exploration company primarily focused on the production and sale of diamonds. The company operates the Lulo Alluvial Mine in Angola and the Merlin Diamond Project in Australia, with interests in joint ventures for kimberlite exploration. Their market focus is on high-value special-sized diamonds.
YTD Price Performance: 0.0%
Average Trading Volume: 58,562
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €3.8M
For a thorough assessment of LOM stock, go to TipRanks’ Stock Analysis page.
