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Market NewsNewsLucara's reports lower Q1 revenues

Lucara's reports lower Q1 revenues

Lucara Diamond Corporation, a Toronto-listed company operating in Botswana, kept the dividend steady at 2.5 Canadian cents per share amid a shakier operating performance in its March quarter in which costs increased to the high end of its annual guidance, miningmx.com reported.

Revenue was steady year-on-year at US$25.4m for the quarter compared to $26.1m in the corresponding quarter of Lucara’s previous financial year, equal to $401 per carat compared to $405 per carat previously, said the miningmx report.

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