Lucara Diamond reports the following in accordance with the Swedish Financial Instruments Trading Act: The Company issued 1,900,000 common shares to its largest shareholder, as consideration under its debenture of $63.0 million, as described in the Company's news release from Jan 9, 2024. The number of issued and outstanding shares of the Company [...]
Lucara Diamond is pleased to announce a retail investor presentation with William Lamb, President & CEO, and Glenn Kondo, CFO & Corporate Secretary, in Stockholm. The Company is scheduled to host a retail investor presentation on Monday, Jan 22, 2024 at 6:00pm Central European Time at Westmanska Palatset at Holländargatan 17 in Stockholm. Please [...]
Lucara Diamond is pleased to announce the recovery of a 166 carat diamond from its 100% owned Karowe Diamond Mine. The diamond is described as a Type IIa gem, recovered in the Coarse XRT unit at Karowe from direct milling of ore sourced from the M/PK unit of the South Lobe. William Lamb, CEO commented: "Lucara is pleased to announce the ongoing [...]
Lucara Diamond is pleased to announce that it has signed amended documentation in relation to the senior secured project financing debt package of US$220 million executed in July 2021. While the total quantum of the Facilities has not changed, the repayment profile has been extended in line with the rebase schedule released July 17, 2023. Lucara [...]
Lucara Diamond reports the following in accordance with the Swedish Financial Instruments Trading Act: The Company issued 127,500 common shares to its largest shareholder, Nemesia S.a.r.l., as consideration under its debenture of $15.0 million, as described in the Company's news release from Nov 15, 2023. The number of issued and outstanding shares [...]
Lucara Diamond announces a further short-term extension of the maturity of its $50 million senior secured working capital facility and a deferral of the requirement to place $52.9 million in a cost overrun reserve account to the earlier of the conclusion of discussions with its Lenders or Jan 15, 2024. An earlier extension granted by the Lenders [...]
Lucara Diamond announces a further short-term extension of the maturity of its $50 million senior secured working capital facility and a deferral of the requirement to place $52.9 million in a cost overrun reserve account to the earlier of the conclusion of discussions with its Lenders or December 31, 2023 . An earlier extension granted by the [...]
Lucara Diamond reports the following in accordance with the Swedish Financial Instruments Trading Act: The Company issued 450,000 common shares to its largest shareholder, Nemesia S.a.r.l. as consideration for providing a Liquidity Guarantee of up to $15.0 million in aggregate, as described in the Company's news release from August 23, 2023. The [...]
Lucara Diamond is pleased to provide operating guidance for 2024. 2024 OUTLOOK This section provides management's production and cost estimates for 2024. These are "forward-looking statements" and subject to the cautionary note regarding the risks associated with forward-looking statements. Karowe Mine Full Year 2024 Diamond revenue $220 million to [...]
Lucara Diamond announces a further short-term extension of the maturity of its $50 million senior secured working capital facility and a deferral of the requirement to place $52.9 million in a cost overrun reserve account to the earlier of the conclusion of discussions with its Lenders or Dec 15, 2023. An earlier extension granted by the Lenders on [...]
Lucara Diamond reports its results for the quarter ended September 30, 2023. Q3 2023 HIGHLIGHTS Revenue for the quarter ended September 30, 2023 totalled $56.9 million, a 14% increase from Q3 2022. The Q3 2023 operating cash cost of $28.62 per tonne of ore processed was well below the expected annual operating cash cost range of $32.50 to $35.50 [...]
Lucara Diamond announces the short-term extension of the maturity of its $50 million senior secured working capital facility and a deferral of the requirement to place $52.9 million in a cost overrun reserve account to the earlier of the conclusion of discussions with its Lenders or November 15, 2023. An earlier extension granted by the Lenders on [...]