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).
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).
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Published: 04 May 2016
Written by Editor