0.30 ct. RAPI up 4.2%, a bigger gain than in May.
Category: Mining
Continued slowdown led miner to $1.3 million deficit and 26% drop in average price.
Company will recover approximately 36.3 million carats per year during remainder of lifespan, compared to previous 30.8 million.
Stone ranks as one of the largest ever recovered, according to Lucara.
Revenue down 5% year on year for first half of 2024.
Miner sold six rough specimens greater than 100 carats in first half.
Miner also benefited from higher proportion of special stones in second quarter.
Deposit has been on pause since September.
Weakened Canadian dollar and mining of lower-grade ore also contributed to deficit.
Miner will offer rough from South African operations in October due to weak demand.
Revenue down 40% year on year in first half.