Lucara's December Diamond Tender Exceeds Expectations
VANCOUVER, Dec. 18, 2019 - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)
Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to report that its final diamond tender of 2019, held on December 12th, generated sales proceeds of US$52.9 million, 16% higher than expected, and achieved an average price of US$548 per carat. Market pricing improvements were noted in all size classes. The December tender puts Lucara's 2019 revenue at $192.5 million exceeding the 2019 revenue guidance of $170 - $180 million.
2019 SALES HIGHLIGHTS
Total proceeds of US$192.5 million (including Clara)
Average price of US$468 per carat
30 diamonds sold for > $1 million each
- Published: 18 December 2019
- Written by Editor