Lucara Diamond stock sits 57.14 percent below its yearly high

Published on 10/07/2026 at 03:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue fell 6.00 percent to USD 41.00 million. Lucara Diamond stock was EUR 0.09 on October 5, 2026, 57.14 percent below EUR 0.21.

LUC, CA54928Q1081, Illustration mit AI erstellt.

Lucara Diamond (ISIN CA54928Q1081) had a Lang & Schwarz prior close of EUR 0.09 on October 5, 2026, 57.14 percent below the EUR 0.21 52-week high shown on October 6, 2026. The latest operating figures show why the diamond miner remains tied to the value of individual stones rather than production volume.

Revenue falls despite higher output

According to Discovery Alert on September 27, 2026, Lucara recovered 90,082 carats in the second quarter of 2026 and generated USD 41.00 million in revenue. Revenue fell 6.00 percent from USD 43.70 million in the second quarter of 2025, even as carat production increased 6.00 percent year over year.

The operating contrast is material. Sales volume fell 24.00 percent, while Lucara recovered 176 Specials, down from 242 in the second quarter of 2025, according to Discovery Alert. The result shows that additional tonnes and carats do not automatically translate into higher revenue when the recovered mix shifts toward lower-value stones.

Guidance meets underground spending

Lucara maintained full-year 2026 revenue guidance of USD 100.00 million to USD 130.00 million despite the second-quarter decline, as reported by Discovery Alert. The company also continues developing the Karowe Underground Project, with 1,655 metres of lateral development completed by June 30, 2026 and full production targeted for the first half of 2028.

That combination creates a two-part investor picture. Near-term revenue depends on exceptional-stone recoveries, while capital spending must carry the mine toward a deeper orebody with greater exposure to large, high-value diamonds. The USD 100.00 million to USD 130.00 million guidance range therefore provides an operating benchmark, but quarterly revenue can still move sharply when stone quality and sales timing change.

Next report is dated November 13

Lucara's investor calendar lists November 13, 2026 as the reporting date for the third quarter ended September 30, 2026, according to Lucara Diamond. That report should provide the next measured update on production, sales volume and progress toward the underground project.

Stock stays below its yearly high

The prior close at Lang & Schwarz was EUR 0.09 on October 5, 2026. Barron's showed a EUR 0.09 to EUR 0.21 52-week range on October 6, 2026, placing the prior close at the bottom of that quoted range and 57.14 percent below its high.

The further course of trading is shown by the continuously updated real-time quote of Lucara Diamond stock.