Lucara expects zero tax rate in 2023

Lucara Botswana’s anticipates zero tax rate next year following its revenue guidance of $ 200 million to $ 230 million and assuming the underground development expenditures of $ 105 million. The company stated on its quarterly report that its progressive tax rate computation allows for the immediate deduction of operating costs, including capital expenditures, in the year in which they are incurred. “Based on 2023 revenue guidance of $ 200 million to $ 230 million and assuming the underground development expenditures of $ 105 million, the tax rate is expected to be 0% for 2023.”

In 2023, the Company’s revenue forecast assumes that 52 percent of the carats recovered will come from the higher value M/ PK( S) and EM/ PK( S) units within the South Lobe and the remaining 48 percent of the carats recovered will come from the Centre Lobe in accordance with the mine plan, generating revenue between $ 200 and $ 230 million in 2022. Centre.