Earnings ImpactEarnings were impacted by lower diamond revenues, driven by lower diamond sales and lower pricing.
Financial GuidanceThe company has negatively revised its 2025 guidance for production, sales, and revenue.
Financing NeedsLucara 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 lower-than-expected production from its Karowe mine due to higher-than-expected precipitation and migrating geological boundaries.