Lucara Announces Second Quarter Results
VANCOUVER, BRITISH COLUMBIA--(Aug. 3, 2017) -Lucara Diamond Corp. ("Lucara" or the "Company") (TSX:LUC)(BOTSWANA:LUC)(NASDAQ OMX Stockholm:LUC) is pleased to announce second quarter revenues of $79.6 million or $1,336 per carat (all dollar amounts are in US dollars unless otherwise stated).
HIGHLIGHTS - Financial:
Revenue was $79.6 million or $1,336 per carat (Q2 2016: $77.7 million excluding the sale of the Constellation diamond for $63.1 million and $1,017 per carat).
EBITDA was $51.8 million (Q2 2016: $46.6 million excluding the sale of the Constellation diamond).
Operating margin was 82% (Q2 2016: 85% excluding the sale of the Constellation diamond)
Q2 cash position of $62.7 million (Q1 2017: $43.5 million).
Read more: Lucara Diamond Corp ( LUC )
Published: 08 August 2017
Written by Editor