Financial GuidanceThe company has negatively revised its 2025 guidance for production, sales, and revenue.
Financial StrategyLucara is exploring options to raise additional debt or equity financing, as it believes its working capital is insufficient to fund the Karowe underground project.
Production ChallengesLucara has announced its Q1/25 results with lower-than-expected production from its Karowe mine due to higher-than-expected precipitation and migrating geological boundaries.