Lucara see growth opportunities at Karowe
LoM of Karowe diamond Extended from 2026 to 2036 Diamonds recovered by Lucara to be over 300K carats Lucara Diamond announced its outlook for 2019 and said; revenue is forecast to be between $170 million and $200 million! Karowe 2019 operating cash costs are forecast to be around $32.00 - $37.00 per tonne processed, significantly lower than in 2018, where the operating cash cost per tonne processed is expected to be between $38.00 and $42.00. The completion of a Feasibility Study for underground mine advancement is a key focus for this year, with a 2019 budget of $14.8 million to complete geotechnical and hydro geological drilling programs, economic and other studies which started in 2018. Eira Thomas, President & CEO commented: "Having stabilized and significantly improved our mining operations at Karowe in 2018, Lucara is now focused on optimizing the base business and pursuing a suite of high potential, organic growth opportunities. The ...