Lucara Diamond reports the following in accordance with the Swedish Financial Instruments Trading Act: As a result of the vesting of employee share units, the number of issued and outstanding shares of the Company has increased to 455,599,893 common shares with voting rights as at Sept 29, 2023. The total number of voting rights in the Company is [...]
Lucara Diamond announces the termination of the Diamond Sales Agreement between Lucara, Lucara Botswana Limited and HB Trading BV. Lucara exercised its right to terminate the agreement following a material breach of financial commitments by HB. Lucara will continue to use its established mechanisms to sell Karowe's rough diamond production, namely [...]
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 announces the short-term extension of the maturity of its $50 million senior secured working capital facility and a deferral to Nov 1, 2023 of the requirement to place $52.9 million in a cost overrun reserve account by September 2, 2023. The CORA balance is currently $18.3 million. All currency figures are in U.S. Dollars, unless [...]
Lucara Diamond is pleased to announce the recovery of a 692.3 carat diamond from its 100% owned Karowe Diamond Mine. The diamond, measuring 46.5 x 40.7 x 28.4 mm is described as a Type IIa high white gem, recovered in the MDR XRT unit at Karowe from direct milling of ore sourced from the EM/PK unit of the South Lobe. The 692.3 carat diamond [...]
Lucara Diamond announces the intention to appoint William Lamb as the Company's President and Chief Executive Officer and a director, replacing Ms. Eira Thomas. Eira Thomas co-founded Lucara in 2007, with partners Lukas Lundin and Catherine McLeod-Seltzer. Ms. Thomas took on the role of President and Chief Executive Officer of the Company in 2018 [...]
Lucara Diamond reports its results for the quarter ended June 30, 2023. Q2 2023 HIGHLIGHTS Guidance maintained. Revenue for the quarter ended June 30, 2023 totalled $41.1 million. The Q2 2023 operating cash cost of $27.97 per tonne of ore processed was well below the expected annual operating cash cost range of $32.50 to $35.50 per tonne of ore [...]
Lucara Diamond Corp. is pleased to announce the recovery of a 1,080.1 carat diamond from its 100% owned Karowe Diamond Mine. The diamond, measuring 82.2 x 42.8 x 34.2mm is described as a Type IIa top white gem of high quality, recovered in the Coarse XRT unit at Karowe from direct milling of ore sourced from the M/PK unit of the South Lobe. The [...]
Lucara Diamond announces that it will be publishing its 2023 Second Quarter Results on Wednesday, August 9, 2023 after market close in North America. Please view PDF version The Company will host a conference call and webcast to discuss the results on Thursday, August 10, 2023 at 7:00am Pacific, 10:00am Eastern, 3:00pm UK, 4:00pm CET. CONFERENCE [...]
Lucara Diamond provides an update on the Karowe Underground Expansion project. The Karowe UGP is designed to access the highest value portion of the Karowe orebody, extend mine life to at least 2040 and deliver approximately $4 billion in additional revenues using conservative diamond price assumptions which are un-escalated and exclude exceptional [...]
Lucara Diamond held its Annual General and Special Meeting of shareholders in Toronto, Ontario today. Shareholders voted as follows on the matters before the meeting: Board Members Shareholders elected the following 7 board members with shareholders represented at the meeting voting in favour of individual directors as follows: Director Votes For [...]
Lucara Diamond reports its results for the quarter ended March 31, 2023. Q1 2023 HIGHLIGHTS: Guidance maintained. All key operational metrics were on plan, with 0.5 million tonnes of ore and 0.8 million tonnes of waste mined, 0.7 million tonnes of ore processed, and 89,640 carats recovered. The Q1 2023 operating cash cost of $26.65 per tonne of ore [...]
