Lucara Diamond ( (TSE:LUC) ) has provided an announcement.
Lucara Diamond Corp. has announced a strategic shift in the management of its Karowe underground project in Botswana by terminating its EPCM contract with JDS Energy & Mining Inc. and transitioning to owner-managed operations for site-based activities. This change aims to enhance cost control, operational efficiency, and flexibility, while leveraging Lucara’s in-house expertise. The project has made significant progress with key infrastructure developments, and this new management approach is expected to drive the project forward with greater efficiency, ultimately delivering enhanced value to shareholders and stakeholders.
More about Lucara Diamond
Lucara Diamond Corp. is a leading independent producer of large, exceptional quality Type IIa diamonds from its wholly-owned Karowe Diamond Mine in Botswana. The mine has been operational since 2012 and is central to the company’s operations and development activities. Lucara is known for its experienced board and management team with extensive expertise in diamond development and operations, and it adheres to international best practices in sustainability, health and safety, environment, and community relations.
YTD Price Performance: -21.98%
Average Trading Volume: 147,166
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$160.4M
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