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Showing posts with the label Karowe diamond-mining

Lucara sold a total 76,387 carats of diamonds!

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  Lucara recovered 92,419 carats of diamonds in Quarter 2   Lucara Diamond reports its results for the quarter ended June 30, 2024. In the accordance with the result, Karowe registered the recovery of a 491-carat Type IIa diamond, a 225.6-carat Type IIa diamond, followed by the recovery of a 109-carat Type IIa diamond. A total of 76,387 carats of diamonds were sold, generating revenue of $41.3 million during the second quarter of 2024. A total of 92,419 carats were recovered during the quarter at a recovered grade of 12.9 carats per hundred tonnes (cpht) of direct milled ore. A further 8,349 carats were recovered from processing of historic recovery tailings.  The recovery of 206 Specials (defined as rough diamonds larger than 10.8 carats) equated to 6.9% by weight of the total recovered carats from Q2's ore processed which is in line with the Company's expectation.    William Lamb, President & CEO commented: "Lucara's performance this quarter reaffirms ...