Lucapa adds to revenues

8th August 2019 By: Esmarie Iannucci - Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has reported revenue of A$8.8-million from the latest sale of diamonds from its Lulo and Mothae mines, in Angola and Lesotho respectively.

The ASX-listed company on Thursday reported that a parcel of 3 558 ct of Lulo diamonds was sold for gross proceeds of A$6.3-million, representing an average price of A$1 768/ct, while a further 4 376 ct of Mothae diamonds raised a further A$2.5-million in revenue, representing an average price of A$579/ct.

For the year to date, Lucapa has reported total sales of A$50.2-million, with average sales prices reaching A$1 906/ct.