2015 Q3 Highlights

  • EBITDA for the period was $66.8 million and year to date was $95.3 million.
  • Net cash position of $122.7 million increased from $74 million at June 2015 following the Company's first exceptional stone tender and regular tender during the quarter.
  • Year to date costs at $29.44 per tonne ore processed remain well controlled and marginally below forecast. Plant optimization costs and sustaining capital costs are within forecast.
  • Third quarter earnings per share of $0.12 (2014: $0.11 per share). Year to date earnings per share of $0.15 (2014: $0.17 per share).
  • Dividend: cumulative dividend of CND 4 cents per share to be paid to shareholders on Decembers 17, 2015
  • Tonnes processed post plant optimization commissioning improved during the quarter. Tonnes milled in the third quarter were 11% higher than the previous quarter with 100,651 carats recovered during the period.
  • Fourth quarter processing is expected to be focused on south lobe ore.
  • Exploration sampling advancing with first ore to be processed from BK02 during the fourth quarter.

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Stock Info

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Lucara Diamond Corp. is a new diamond producer. It's two key assets are the Karowe mine in Botswana and the Mothae project in Lesotho. The 100% owned Karowe Mine is a newly constructed state-of-the-art mine which was fully commissioned in Q2 2012 . At the 75% owned Mothae project the company has completed the trial mining stage. The Mothae plant was put on care and maintenance while the Company investigates further development options. Both Mothae and Karowe are large scale assets with tonnage and throughput upside and production has consistently included large, Type IIA stones. Lucara is a member of the Lundin Group of Companies and is listed on the TSX Exchange, Nasdaq Stockholm and the Botswana Stock Exchange under the symbol "LUC".

Mission Statement

To build a leading African-focused diamond production and development company.


  • A healthy and safe work environment
  • Entrepreneurial spirit
  • Creation of shareholder value
  • Create positive economic and social impact on local communities where we operate
  • Focus on larger-scale advanced diamond projects
  • Seek value opportunities
  • Contribute to the Lundin Group's history of success and excellence in wealth creation for all stakeholders

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2015 Results

2014 Results

Annual Reports