Live Breaking News & Updates on Karowe Diamond|Page 7

Stay updated with breaking news from Karowe diamond. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Lucara Announces Q3 Results With a 57% Increase in Revenue to $72.7 Million Following a Strong Production Quarter

Lucara Diamond Corp. today reports its results for the third quarter of 2021 ending September 30, 2021 with strong financial and operational performance. Please view PDF version . Q3 2021 HIGHLIGHTS: Revenue of $72.7 million during Q3 2021, a 57% increase over the previous quarter, resulted in an average price per carat sold of $619 . Board sanction of the $534 million Karowe underground expansion project extending . ....

United States , United Kingdom , Louis Vuitton , Lucara Diamond Corp , Clara Diamond Solutions , Energy Mining Inc , Company Board Of Directors , Other International Participant Dial , Nasdaq Stockholm , South Lobe , Karowe Mine , Total Recordable Injury Frequency , Financial Close , Karowe Diamond , Engineering Procurement Construction Manager , Karowe Diamond Mine , Underground Expansion , Lucara Diamond , Kingdom Toll , Toll Free North America , Chief Executive Officer , Abuse Regulation , Swedish Securities Markets , Pacific Time , Clara Platform , Annual Information Form ,

Investegate |Lucara Diamond Corp Announcements | Lucara Diamond Corp: RESULTS FOR 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. ....

United States , United Kingdom , British Columbia , Robert Eriksson , Societe Generale , Louis Vuitton , Charles Vivian Jos Simson , Lucara Diamond Corp , Investor Relations Communications , Other International Participant Dial , London Branch , Clara Diamond Solutions , Rand Merchant Bank , Africa Finance Corporation , Firstrand Bank , Karowe Mine , Firstrand Bank Limited , Karowe Diamond , Karowe Mine License , Large Diamond Recovery , Kingdom Toll , Toll Free North America , Chief Executive , Lucara Diamond , Investor Relations , Jos Simson ,