https://www.miningweekly.com

Lucapa posts 13% increase in interim Ebitda

23rd August 2024

By: Sabrina Jardim

Senior Online Writer

     

Font size: - +

ASX-listed Lucapa Diamond Company has reported earnings before interest, taxes, depreciation and amortisation (Ebitda) of $1.4-million for the six months ended June 30 – a 13% year-on-year increase.

The company says the higher Ebitda was achieved despite a softer diamond market, which highlights ongoing strong demand for its diamonds.

Excluding its now sold Mothae kimberlite mine, in Lesotho, the company has incurred a net loss of $1.2-million, compared with a profit of $60 000 in the first half of 2023.

The company recovered 27 362 ct of diamonds during the six months under review, compared with the 30 927 ct recovered in the first half of 2023.

Total rough diamond sales were $35.6-million and the average price per carat $1 213/ct, compared with an average price of $1 633/ct in the first half of 2023.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ASTPM
ASTPM

Established in 1983, the ASTPM is an industry association and representative body of the welded carbon steel tube and pipe manufacturers of South...

VISIT SHOWROOM 
Roytec Global (Pty) Ltd
Roytec Global (Pty) Ltd

Roytec Global is an international company specializing in liquid / solid and mineral separation technologies for the Mining and Industrial sectors.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

This week: Mintek targeting global flotation research recognition; First doré gold bar pour at DRDGOLD’s new Far West smelt house and, Expansion plans pointing to 75% increase in Sibanye-Stillwater’s chrome volumes
Resources Watch
22nd July 2026

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.065 0.089s - 146pq - 2rq
Subscribe Now