Lucara finds world’s 2nd largest diamond ever mined
Canada’s Lucara Diamond (TSX: LUC), has dug up a 2,492-carat diamond from its prolific Karowe mine in Botswana, the world’s second-largest stone ever mined by size. The “epic” diamond, as…
Lucara Diamond
Lucara sales offer hope to struggling diamond sector
Lucara Diamond (TSX: LUC) saw its sales and earnings climb in the second quarter of the year, supported mainly by its recently revived supply deal with Belgium’s HB Antwerp, which…
Gem Diamonds finds sixth 100+ carat stone this year
Africa-focused miner Gem Diamonds (LSE: GEMD) has unearthed a 212.9-carat Type II white diamond at its prolific Letšeng mine in Lesotho, less than a month after a previous major find. The diamond,…
Lucara Diamond records strong quarter at Karowe mine
Lucara Diamond (TSX: LUC) said it has sold about 12% more diamonds from its Karowe mine in Botswana than in the first quarter of 2023 and operating costs are down…
Gem Diamonds finds yet another big stone in Lesotho
Africa-focused miner Gem Diamonds (LSE: GEMD) has unearthed a new major Type II white diamond at its prolific Letšeng mine in Lesotho, barely six days after the previous find. The 118.74-carat…
Montage Gold gains on Lundin-backed financing
Montage Gold (TSXV: MAU; US-OTC: MAUTF) hired a new CEO and nearly doubled a Lundin Group-backed stock offering to fund the US$712 million Koné gold project in Côte d’Ivoire. Toronto-based…
Gem Diamonds and Lucara find first big stones of 2024
Africa-focused miners Gem Diamonds (LSE: GEMD) and Lucara Diamond (TSX: LUC) have recovered big, high-quality Type IIa diamonds at their respective operations. Gem Diamonds said on Thursday it had unearthed…
Lucara Diamond ends HB Trading sale agreement
Canada’s Lucara Diamond (TSX: LUC) has terminated its sales agreement with HB Trading covering high-value diamonds from the Karowe mine in Botswana, following a “material breach of financial commitments” by HB. The two parties inked…
Lucara Diamond to replace CEO Eira Thomas
Lucara Diamond (TSX: LUC) announced Monday the company will appoint William Lamb as president and chief executive officer and a director, replacing Eira Thomas. Thomas co-founded Lucara in 2007, with…
Lucara shares up on report of fourth diamond recovery north of 1,000 carats
Lucara Diamond (TSX: LUC; BSE: LUC) shares rose by more than 12% Wednesday after it reported pulling a 1,080 carat diamond from its Karowe diamond mine in Botswana. It’s the…
Lucara underground Karowe diamond mine cost jumps 25% to US$683M
Lucara Diamond (TSX: LUC) has increased total preproduction costs for its Karowe underground diamond mine expansion to US$683 million, a 25% rise over its earlier estimate of US$547 million in…
De Beers merges two auctions as diamond sales disappoint
It sold $480 million worth of rough diamonds in the period between May 1 and May 16, 21% less than in the same period of 2022.