Lucara Provides Operating Outlook for 2019
VANCOUVER, Jan. 8, 2019 - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)
Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to provide operating guidance for 2019 (all amounts in US Dollars unless otherwise stated).
Revenue is forecast to be between $170 million and $200 million;
An annual dividend of Canadian $0.10 per share is expected to be paid quarterly;
Karowe 2019 operating cash costs are forecast to be between $32.00 - $37.00 per tonne processed, significantly lower than in 2018, where the operating cash cost per tonne processed is expected to be between $38.00 and $42.00 (consistent with prior guidance). Operating cash costs, excluding waste mining, are expected to be between $21.00 and $24.00 per tonne processed, with the significant push back to access the higher-grade South Lobe ore substantially complete in the first half of 2019;
- Published: 08 January 2019
- Written by Editor