Lucara Reports Strong First Half Year Earnings and Rewards Shareholders With A Special Cash Dividend of CA$172 Million

VANCOUVER, BRITISH COLUMBIA--(Aug 4, 2016) - Lucara Diamond Corp. (LUC.TO)(LUC.TO)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") reports strong Q2 2016 revenues of $140.8 million or $1,824 per carat resulting in H1 revenues of $191.4 million or $1,233 per carat. The board also declared on July 19, 2016 a total dividend to be paid of CA$178 million at CA$46.5 cents per share (all dollar amounts are in US Dollars unless otherwise indicated).
 
HIGHLIGHTS:
 
Financial:
Revenue for H1 was $191.4 million or $1,233 per carat, excluding $8.3 million received post end of Q2 for the Company's June tender (H1 2015: $67.8 million or $340 per carat).
EBITDA for H1 2016 was $140.5 million (H1 2015: $28.4 million), with an EBITDA margin of 73%.
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Mountain Province Updates Gahcho Kué Diamond Mine Development

Major construction complete
Commissioning +75% complete
On track for first production in Q3 2016
Diamond marketing team in place
 
TORONTO and NEW YORK, June 20, 2016 - Mountain Province Diamonds Inc. ("Mountain Province", the "Company") (TSX: MPV, NASDAQ: MDM) is pleased to announce that Gahcho Kué has achieved mechanical completion of the primary crusher and that commissioning of the process plant continues to progress well. Based on the progress to date, Gahcho Kué expects to commence production during Q3 2016. The specific timing within Q3 will depend on progress with the remaining commissioning.
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Lucara Provides Exploration Update

VANCOUVER, BRITISH COLUMBIA--(Jun 13, 2016) - Lucara Diamond Corp.("Lucara" or the "Company") (LUC.TO)(LUC.TO)(NASDAQ OMX Stockholm:LUC), is pleased to announce successful results from the mini bulk sample program on the BK02 kimberlite located 30 kilometres east of the Karowe Mine as well as an update on additional exploration programs underway.
 
A total of 274.33 carats were recovered from the processing of 5,916 tonnes of BK02 for a sample grade of 4.6 cpht (carats per hundred tonne). The largest diamond recovered was a 5.48 carat brownish octahedron (see attached photo). In addition, a total of 24 stones were recovered greater than 1 carat in weight including 3 diamonds in excess of 2 carats.
 
Sample results confirm that the BK02 kimberlite has a coarse size distribution similar to that observed at Lucara's Karowe Mine (see attached chart). A limited drill programme is planned for BK02 to better delineate the kimberlite, define internal geology and collect material for microdiamond analyses.
Read more: Lucara Diamond Corp ( LUC )

Lucara Sells Its 813 Carat Diamond for US$63 Million, the Highest Price Ever Achieved for the Sale of a Rough Diamond

VANCOUVER, BRITISH COLUMBIA--(May 9, 2016) - (LUC.TO)(LUC.TO)(NASDAQ OMX Stockholm:LUC), Lucara Diamond Corp.("Lucara" or the "Company"), is pleased to announce that the exceptional 812.77 carat, Type IIa diamond recovered from the Karowe mine in Botswana in November 2015 (see news release dated November 19, 2015), has been sold for US$63,111,111 (US$77,649 per carat). As part of the sale, Lucara has partnered with Nemesis International DMCC, and retains a 10% interest in the net profit received from the sale of the resultant polished diamonds.

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Lucara Reports Strong Demand and Pricing for Its First Quarter Diamond Sale and Commences the Sales Process for the Lesedi La Rona Diamond

VANCOUVER, BRITISH COLUMBIA--(May 3, 2016) - Lucara Diamond Corp. (LUC.TO)(LUC.TO)(NASDAQ OMX Stockholm:LUC) ("Lucara" or the "Company") reports strong first quarter 2016 revenues of $50.6 million or $649 per carat and cash of $144.3 million (all dollar amounts are in US Dollars unless otherwise indicated).
 
HIGHLIGHTS
Financial:
Revenue for the period was $50.6 million or $649 per carat (Q1 2015: $29.6 million or $278 per carat).
EBITDA for the period was $30.7 million (Q1 2015: $11.9 million), with an EBITDA margin of 61%.
Net cash position of $144.3 million (Q1 2015: $87.5 million, FY 2015: $134.8 million).
Year to date costs at $25 per tonne ore processed continue to be well controlled and below forecast.
First quarter 2016 earnings per share were $0.05 per share (Q1 2015: $0.02 per share).
Read more: Lucara Diamond Corp ( LUC )

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