Market Analysis11:30
Lucara Diamond Corp. released its Q1 2021 figures, demonstrating a strong performance in the first three months of the year. The total revenue, including diamonds sold through regular tenders, the Clara platform and the HB Antwerp agreement, equaled $53.1 million or $579 per carat sold from the sale of 91,760 carats, marking a 56% increase compared to the first quarter of 2020.
At the Karowe Mine, 80,014 carats rough diamond were recovered, including 188 Specials (+10,8 carats) which equaled 6,8% weight percentage of total recovered carats. Two diamonds weighing over 200 carats and two top white gem quality diamonds of 341 carats and 378 carats were recovered during the first quarter of 2021.
Lucara Diamond Corp. ( Lucara or the Company ) today reports its results for the first quarter of 2021 ending March 31, 2021, with strong financial and operational performance. HIGHLIGHTS: · Revenue of $53.1 million or $579 per carat sold in Q1 2021, 56% higher than Q1 2020. This includes diamonds sold through a combination of regular tenders, Clara, and through HB Antwerp ( HB ) under the supply agreement announced in July 2020. · Q1 2021 total operating cash costs of $29.24 per tonne processed
(1), 7% lower than Q1 2020. · Adjusted EBITDA
(1) in Q1 2021 of $22.2 million, marking a return to higher levels of operating margin. · Extension of the Karowe mining license for a period of 25 years to 2046, marking a critical step in the advancement of the Karowe underground expansion project.
Tres-Or Resources Ltd.: Macrodiamond Analyses Recommended, Microdiamond Photos (Dominantly Type II) from Tres-Or s Guigues Pipe in Quebec and Third Tranche of Private Placement Closes
Tres-Or Resources Ltd. (TSXV: TRS) (OTC: TRSFF)
( Tres-Or or the Company ) is pleased to present the new photomicrographs of the Type II microdiamonds that dominate at the Guigues Kimberlite Pipe in southwestern Québec. Photographs of all 21 Guigues microdiamonds greater than 0.150 mm are now available to view on Tres-Or s website at: www.tres-or.com .
Highlights:
Type II diamond dominates microdiamond populations from the Guigues Kimberlite in southwest Québec
16 out of 21 microdiamonds measured by SRC Labs, Type II, as defined by a lack of the common impurity nitrogen
(1)
VANCOUVER, May 5, 2021 /PRNewswire/ (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: LUC)
Lucara Diamond Corp. is pleased to announce that it has received credit approved commitments from a syndicate of five Mandated Lead Arrangers (the MLAs ) for a senior secured project financing debt package of up to US$220 million (the Facilities ) to fund the underground expansion at Lucara s 100% owned Karowe Mine ( Karowe ) in Botswana. Please view PDF version
The Facilities will include two tranches: A project finance facility of US$170 million to fund the development of the underground project, and a working capital facility of US$50 million to support the on-going operation of the Karowe open pit mine. Financial closing of the Facilities is subject to satisfactory completion of definitive documentation, and satisfaction of certain terms and conditions, including appropriate KYC checks.
Tres-Or Resources Ltd. is pleased to present the new photomicrographs of the Type II microdiamonds that dominate at the Guigues Kimberlite Pipe in southwestern Québec. Photographs of all 21 Guigues microdiamonds greater than 0.150 mm are now available to view on Tres-Or’s website at: .Highlights:Type II diamond dominates microdiamond populations from the Guigues Kimberlite in southwest Québec16 out of 21 …
Tres-Or Resources Ltd. (TSXV: TRS) (OTC: TRSFF) (“Tres-Or” or the “Company”) is pleased to present the new photomicrographs of the Type II microdiamonds that dominate at the Guigues Kimberlite Pipe in southwestern Québec. Photographs of all 21 Guigues microdiamonds greater than 0.150 mm are now available to view on Tres-Or’s website at: www.tres-or.com .