31 Mar 2023
DiamondWorld Directory
Home |
Lucapa raises its revenue guidance by up to 27%
Attributable growth capex of A$6 – 9 million, which includes the in-field screening plant for the Lulo mine to reduce haulage costs and the recently completed 45% plant expansion at Mothae
By: Diamond World News Service
Oct 16 2021 9:28AM
Reference: 25932  


Lucapa Diamond Company Limited reports a significant upgrade to its CY2021 full year attributable guidance, which sees its full year EBITDA increase ~ 45% to A$26 – 28 million following solid operational performances from both the Lulo and Mothae mines, notwithstanding expansion ramp up and weather challenges at Mothae.

Managing Director, Stephen Wetherall commented “Lucapa and our partners set ambitious 2021 operational and financial targets for both mining operations as the diamond industry began to emerge from the pandemic. With nine months now behind us, we are extremely pleased to provide revised full-year guidance that sees an uplift of approximately 45% in our EBITDA guidance to A$26 – 28 million”. “The forecast record financial performance at Lulo this year, is expected to accelerate returns to Lulo shareholders and the capital loan repayments to Lucapa, which in turn we expect to utilise in reducing the corporate debt levels”.

Follow DiamondWorld on Instagram: @diamondworldnet
Follow DiamondWorld on Twitter: @diamondworldnet
Follow DiamondWorld on Facebook: @diamondworldnet
Have Your Say
* Your view
* Name:
* Email:
* Town/city:
* Country/State:
*  Company:
*  Name:
*  Mobile:
*  Email:
Subscribe for DiamondWorld weekly Newsletter
Search News by City
Recent Issue
News in Pictures
Young Diamantaires
Pictures: 16
Stunning Jewellery from Cannes 2019
Pictures: 24
Sparkly Jewels at Oscars 2019
Pictures: 19
Golden Globes 2018
Pictures: 15
Spotted: Who Wore What (December 2018)
Pictures: 4
India Diamond Week
Pictures: 8
Spotted: Who Wore What (October 2018)
Pictures: 7
Spotted: Who Wore What (September 2018)
Pictures: 6
70th Emmy Awards
Pictures: 11
35th India International Jewellery Show 2018
Pictures: 46
JJS - IJ Jewellers Choice Design Awards 2015 powered by GIA
Views: 33202
Diamond World Expert Hour with Evgeny Agureev, Deputy CEO, ALROSA
Views: 10807
GJEPC Chairman Interview
Views: 29255
IJ Jewellers Choice Design Awards 2012 - Part 1
Views: 40620
Promo for IJ Awards 2012 at NDTV Profit
Views: 58199
IJ Jewellers Choice Design Awards 2012- Part 2
Views: 69892
Couture India 2016 - A Business Boutique Show by IJ Magazine
Views: 22509
Savjibhai Dholakiya, Surat Businessman (Diamond Merchant) speaks in Vibrant 2015
Views: 51773
IJ Jewellers Choice Design Awards 2013 - NDTV Video
Views: 54372
Member of:
Supporter of: