Lucara Diamond Finds a 127-carat Stone at Karowe

Lucara Diamond Finds a 127-carat Stone at Karowe

Canada’s Lucara Diamond’s (TSX:LUC) New Year brought forth yet another massive find at its flagship Karowe diamond mine in Botswana.

The 127 carat, Top white gem diamond, is 1 of the of 129 precious stones of over 100 carats the company has recovered at the mine since it began operations in Y 2012. That tally includes 12 diamonds larger than 300 carats in size, of which 5 were recovered last year.

In addition to finding the world’s 2nd-largest diamond, Lucara has sold 180 stones in excess of $1-M each and 10 diamonds have fetched more than $10-M each.

“The recovery of this latest, high value, top white 127 carat diamond attests to the remarkable nature of the Karowe orebody, which has consistently delivered large, high value diamonds throughout its history,” CEO Eira Thomas said in his statement.

The miner aims to recover between 300,000 and 330,000 carats from Karowe this year, out of 2.5 to 2.8-M tonnes of ore processed, at an operating cash cost of between $32/t and $37/t processed.

Have a terrific Holiday weekend.

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