Lucara achieves solid quarter at Karowe, underground expansion progressing

Diamond miner Lucara Diamond Corp’s Karowe diamond mine, in Botswana, delivered another solid operational quarter for the period ending March 31, and the company’s high-value diamond production forecast remains robust, underpinned by its focus on operating practices, CEO and president William Lamb says.

Work on the underground expansion project at Karowe also progressed well during the quarter, the company points out.

It avers that this key growth initiative remains on track with the rebased schedule and budget, positioning the company to access the higher-value ore from the underground portion of the orebody early in 2028.