Lucara Diamond Corp. Reports Q1 2025 Results
VANCOUVER, BC, May 10, 2025 /PRNewswire/ – Lucara Diamond Corp. (“Lucara” or the “Company”), a Canadian company specializing in metals and mining with operations in Botswana and Lesotho, has announced its financial results for the first quarter of 2025. The company, listed on the Toronto Stock Exchange (TSX: LUC), the Bombay Stock Exchange (BSE: LUC), and Nasdaq FNGM (Nasdaq FNGM: LUC), reported a decrease in revenue for the quarter ended March 31, 2025.
Financial Highlights
- Revenue: Lucara’s revenue for Q1 2025 was $30.3 million, a decrease from $39.5 million in Q1 2024.
- Carats Sold: The company sold 72,871 carats in Q1 2025, compared to 93,560 carats in the same quarter of the previous year.
- Market Cap: As of May 7, 2025, Lucara’s market capitalization stood at 117,950,000 CAD.
- Close Price: The close price on May 7, 2025, was 0.34 CAD.
- 52 Weeks High/Low: The 52-week high was 0.63 CAD on August 21, 2024, and the low was 0.29 CAD on August 7, 2024.
- Price Earnings Ratio: The P/E ratio was 2.74.
Factors Affecting Performance
The decline in revenue was primarily attributed to a reduction in the number of carats sold. This decrease was due to the necessity of processing lower-grade stockpile material, a consequence of unusually high rainfall in January, which impacted mining operations in the open pit. Additionally, the company mined a higher proportion of lower-grade material during the quarter.
Lucara Diamond Corp. continues to navigate the challenges posed by environmental factors affecting its mining operations. Despite these challenges, the company remains focused on its strategic operations in Botswana and Lesotho, aiming to optimize its production processes and maintain its position in the metals and mining sector.
For more detailed information, refer to the PDF version of the Q1 2025 results available on Lucara’s official website.