Lucara s cash position builds

摘要

Although it pulled its 1,109-carat Lesedi La Rona Type II gem from sale in June, after it fetched a high bid of US$61 million at a Sotheby's auction, Lucara Diamond (TSX: LUC) did just fine in its second quarter. The company, whose sole producing asset is the rich Karowe mine in Botswana, reported earnings of US$46.1 million on revenues of US$140.8 million (US$1,824 per carat) compared with earnings of US$8.6 million on revenues of US$38.1 million in the year-earlier quarter.