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The latest announcement is out from Lucara Diamond ( (TSE:LUC) ).
Lucara Diamond Corp. has released an updated feasibility study for the underground expansion at its Karowe Diamond Mine in Botswana, confirming a 10-year underground mine life and total life-of-mine recoveries of 4.5 million carats, predominantly from the high-value EM/PK(S) unit of the South Lobe. The revised study updates capital, schedule and technical assumptions, setting pre‑production capital for the underground project at $779 million through first-half 2028 (with over $436 million already spent), and outlines an after-tax unlevered NPV8% of $432.1 million and more than $1.3 billion in expected net income, reinforcing Karowe’s role as a long-term producer of exceptional large diamonds and extending economic benefits to Lucara, its investors, employees, local communities and Botswana as a whole.
The most recent analyst rating on (TSE:LUC) stock is a Buy with a C$0.22 price target. To see the full list of analyst forecasts on Lucara Diamond stock, see the TSE:LUC Stock Forecast page.
Spark’s Take on TSE:LUC Stock
According to Spark, TipRanks’ AI Analyst, TSE:LUC is a Outperform.
Lucara Diamond’s overall stock score is driven by its strong valuation, indicating potential upside due to a low P/E ratio. Financial performance is solid, with strong profitability and low leverage, though cash flow challenges need addressing. Technical analysis suggests short-term bullish momentum, but caution is advised due to overbought signals.
To see Spark’s full report on TSE:LUC stock, click here.
More about Lucara Diamond
Lucara Diamond Corp. is a Vancouver-based diamond mining company whose flagship asset is the Karowe Diamond Mine in north-central Botswana, one of the world’s most prolific diamond-producing regions. Karowe is known for producing large, high-value Type IIa diamonds and is the only mine globally to have recovered nine stones exceeding 1,000 carats, including notable gems such as the 2,488 carat Motswedi and the 1,109 carat Lesedi La Rona, underscoring Lucara’s focus on high-value, large-stone production.
Average Trading Volume: 179,558
Technical Sentiment Signal: Sell
Current Market Cap: C$93.44M
Learn more about LUC stock on TipRanks’ Stock Analysis page.