Lucara Diamond is expected to recover and sell 345,000 carats to 375,000 carats of diamonds from its Karowe mine in Botswana next year.
It said the number of carats recovered and sold is in line with the results obtained by the plant in recent times.
Lucara also lowered its production projection for this year to between 395 000 carats and 405 000 carats, from an initial guidance of 395 000 carats to 425 000 carats.
It projected revenue of between $220 million and $250 million as well as operating cash costs ranging from $28.50 to $33.50 per tonne in 2024.
According to the company’s mining plan, the revenue prediction expects that 87% of the recovered carats will originate from the higher-value M/PK(S) and EM/PK(S) units in the South Lobe, with the remaining portion coming from the Centre Lobe.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished
