Lucapa Diamond Company has upped its total revenue forecast for the Merlin mine over the next 14 years amid the increase in rough prices.The Australian miner reevaluated its outlook based on the strong demand and low supply scenario currently playing out in the market, which has led to a 42%.
Lucapa Diamond Company’s revenue surged in the fourth quarter amid the restart of sales from its Mothae mine and a spike in rough prices at its high-value Lulo deposit.The company’s revenue from operations jumped 393% year on year to $13 million for the three months that ended December 31, the.
Lucapa Diamond Company’s revenue rose in the third quarter amid strong demand and an increase in sales volume.Sales from the miner’s Lulo deposit in Angola and Mothae in Lesotho soared 86% to $8.6 million for the three months ending September 30, it said last week. Sales volume jumped 57% to.
Lucapa Diamond Company has raised its revenue guidance by up to 27% for the full year amid continuing positive market conditions.The Australia-based miner expects revenue for 2021 to be between AUD 66 million ($48.9 million) and AUD 71 million ($52.6 million), compared to the AUD 50 million.
Bereng Mpaki MOTHAE Diamond Mine has embarked on expansion drive to increase its processing plant capacity from the current 1, 1 million tonnes of ore per annum (Mtpa) to 1, 6 Mtpa. The expansion programme is expected to be completed by the end of March 2021. Mothae Mine is located close to the high […]