Lucapa Diamond Co. Ltd. (AU:LOM) has released an update.
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Lucapa Diamond Company has reported a robust third-quarter revenue of $16.9 million, an 86% increase driven by the sale of high-quality diamonds at an impressive average price of $3,033 per carat. The company’s strategic river diversions have facilitated access to higher-grade mining blocks, promising continued strong performance. Additionally, the divestment of its stake in the Mothae Mine marks a strategic shift towards focusing on its lucrative Lulo operations.
For further insights into AU:LOM stock, check out TipRanks’ Stock Analysis page.
