Diamonds, Diamonds and More Diamonds
Since mining started at Lucara’s Karowe mine, more than one hundred and thirty diamonds have sold for over one million dollars each. Lucara Diamond, cash flow positive, with attractive dividends.
Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration licenses in Botswana. The mine is called “Karowe” which means precious stone in the local language. The mine was completed in 2012 on time and within a budget of US$120 million and today generates revenues greater than US $230 million per year. The Company pays an annual dividend of $0.06 per year, paid on a quarterly basis.
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