Botswana’s Karowe mine that last year produced the first diamond larger than 1 000 ct in more than a century, has established its Canadian owner Lucara Diamond Corp as a consistent producer of exceptional quality stones, enabling the company to improve full-year earnings by 70%.
For 2015, the Vancouver-headquartered miner reported net income of $77.8-million, derived from sales of 377 136 ct of diamonds, for gross proceeds of $223.8-million at an average price of $593/ct.