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An announcement from Lucara Diamond ( (TSE:LUC) ) is now available.
Lucara Diamond Corp. announced a record-breaking performance for the fiscal year 2024, highlighted by the recovery of two exceptional diamonds larger than 1,000 carats and achieving new production records. The company reported total sales of 399,215 carats generating $203.9 million in revenue. Lucara also made significant progress in its shaft sinking and development projects, with substantial advancements in both the production and ventilation shafts. The sale of its interest in Clara Diamond Solutions and the achievement of all operational and financial metrics from its 2024 Revised Guidance further underscore its strategic realignment and operational success.
More about Lucara Diamond
Lucara Diamond Corp. is a company operating in the diamond mining industry, primarily focused on the production and sale of diamonds. The company is known for its operations at the Karowe Mine, where it has consistently recovered large, exceptional diamonds, contributing to its market presence.
YTD Price Performance: -17.39%
Average Trading Volume: 376,021
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$171.7M
See more insights into LUC stock on TipRanks’ Stock Analysis page.