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 recovery of large, high-quality diamonds from the Karowe Mine. This diamond is [...]
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 expects to continue to develop the Karowe underground expansion using funds [...]
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 of the Company has increased to 456,177,393 common shares with voting [...]
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 was due to expire on Dec 31, 2023. Discussions to date with the Lenders have [...]
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 Lenders was due to expire on December 15, 2023. Discussions to date with 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 number of issued and outstanding shares of the Company has increased to [...]
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 $250 million Diamond sales 345,000 carats to 375,000 carats Diamonds [...]
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 October 31, 2023, was due to expire on November 15, 2023. The Company also [...]
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 per tonne of ore processed. All key operational metrics were achieved against [...]
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 August 23, 2023, was due to expire on November 1, 2023. The Company's debt [...]
Lucara Diamond announces that it will be publishing its 2023 Third Quarter Results on Friday, Nov 10, 2023 after market close in North America. The Company will host a conference call and webcast to discuss the results on Monday, Nov 13, 2023 at 7:00am Pacific, 10:00am Eastern, 3:00pm UK, 4:00pm CET. Please view PDF version CONFERENCE CALL: To join the conference call please use the following link [...]
Lucara Diamond announces that Zara Boldt has tendered her resignation as Chief Financial Officer and Corporate Secretary and John Armstrong has tendered his resignation as Vice President of Technical Services of the Company. Ms. Boldt plans to step down effective Dec 29, 2023 and Dr. Armstrong plans to step down effective Dec 1, 2023. The Lucara team in Canada and Botswana will greatly miss Zara's and John's leadership [...]
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