Stock Information

Symbol LUC.TO
Last $2.39
Change 0.00
Volume 439,484
Day Open $2.36
Day High $2.41
Day Low $2.36
Year High $3.51
Year Low $2.18

LUC

TSX / Nasdaq Stockholm / Botswana Stock Exchange

2017 Highlights

q3
Financial and Operational Updates

(All amounts are expressed in U.S. dollars unless otherwise indicated)

HIGHLIGHTS:

Financial:

  • Revenue was $77.9 million or $1,161 per carat (Q3 2016: $38.1 million or $332 per carat)
  • EBITDA was $49.8 million (Q3 2016: $12.4 million)
  • Ending Q3 cash position of $91.4 million (Year end 2016: $53.3 million)
  • Q3 average sales price of $389 per carat (excluding the sale of the Lesedi La Rona), 17% higher than Q3, 2016. Year to date average sales price of $687 per carat (excluding sale of Lesedi La Rona), 11% higher than year to date 2016 (excluding sale of Constellation diamond)
  • Year to date operating costs were $32.40 per tonne processed (full year guidance $36.0 to $40.0 per tonne). Year to date mining cost per tonne was $2.45 compared to guidance of $2.70 to $2.90 per tonne and processing cost per tonne was $11.50 compared to guidance of $11.0 to $12.0 per tonne.
  • Earnings per share for YTD 2017 was $0.17 (YTD 2016: $0.16 earnings per share)
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Financial Reports

Mission Statement

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

Values

  • 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

Financial Calendar

  • Quarter
    Period End
    Reporting Date
  • Q1
    Mar 31, 2017
    May 02, 2017
  • Q2
    Jun 30, 2017
    Aug 03, 2017
  • Q3
    Sep 30, 2017
    Nov 02, 2017
  • Annual
    Dec 31, 2017
    Feb 20, 2018

Share Capital

  • Issued and Outstanding
    382,619,334 shares
  • Options Granted
    3,738,337
  • Share Units Outstanding
    1,388,042
  • Fully Diluted
    387,745,713 shares
  • Shareholdings by insiders can be found on the following websites:
    Canada: www.sedi.ca
    Sweden: www.fi.se