Australia's Lucapa Diamond falls as co faces disruption at Angola mine

Lucapa Diamond Co

03/02/2025 03:08

Feb 3 (Reuters) -    ** Shares of Lucapa Diamond
 LOM.AX  fall 5.6% to A$0.017
    ** Stock marks its lowest level since Dec 20, 2024
    ** The diamond miner and explorer says mining at its Lulo
Alluvial Diamond Mine in Angola has been disrupted due to
blockade of all entrances to the mine by local community leaders
    ** Co says blockade could impact the project's Q1 2025
production results, if not resolved soon
    ** About 3.9 mln shares change hands, 4.3x the 30-day
average of 905,379 shares
    ** Stock down 15% YTD, including the session's moves

    

 (Reporting by Jasmeen Ara Shaikh in Bengaluru)
 ((JasmeenAraIslam.Shaikh@thomsonreuters.com;))