Since mining started at Lucara’s Karowe mine, more than 130 diamonds have sold for over $1 Mil 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 most noteworthy generates revenues greater than US $230 million per year. As a result the Company pays an annual dividend of $0.06 per year, paid on a quarterly basis.
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