Lucara Diamond Corp.
LUCARA ANNOUNCES Q2 2025 RESULTS
Lucara Diamond Corp. reported Q2 2025 results, highlighting the recovery of a 2,036 carat diamond and continued progress on its underground project. However, the company issued a going concern warning due to covenant breaches on its project finance facility and a projected working capital deficit, necessitating additional financing. Lucara also revised its 2025 guidance downwards for diamond revenue, sales, and recovered carats, attributing this to mining a higher proportion of lower-grade ore.