Lucara Diamond Corp. is pleased to announce that it has received credit approved commitments from a syndicate of five Mandated Lead Arrangers for a senior secured project financing debt package of up to US$220 million to fund the underground expansion at Lucara's 100% owned Karowe Mine in Botswana. Please view PDF version The Facilities will include two tranches: A project finance facility of US$170 million to fund the [...]
Lucara Diamond reports the following in accordance with the Swedish Financial Instruments Trading Act: Please view PDF version As a result of the vesting of employee share units, the number of issued and outstanding shares of the Company has increased to 397,125,340 common shares with voting rights as at April 30, 2021. The total number of voting rights in the Company is therefore 397,125,340. This figure may be used by [...]
Lucara Diamond Corp. announces that it will be publishing its 2021 First Quarter Results on Thursday, May 6, 2021 after market close in North America. View PDF version. The Company will host a conference call and webcast to discuss the results on Friday, May 7, 2021 at 7:00 a.m. Pacific, 10:00 a.m. Eastern, 3:00 p.m. UK, 4:00 p.m. CET. CONFERENCE CALL: Please call in 10 minutes before the conference call starts and stay [...]
Lucara Diamond Corp. announces that its Annual General Meeting of Shareholders will be held at the office of Blake, Cassels & Graydon LLP, Suite 2600, 595 Burrard St, Vancouver, V7X 1L3, on Tuesday, May 11, 2021 at 10:30 a.m. for the following purpose: To receive the audited consolidated financial statements for the year ended December 31, 2020, together with the report of the auditors; To reappoint the auditor for the [...]
Lucara Diamond Corp. is pleased to announce that it has entered into a 24-month extension of its definitive supply agreement with HB Antwerp , in respect of all diamonds produced in excess of 10.8 carats in size from its 100% owned Karowe Diamond Mine in Botswana. Large, high value diamonds in excess of 10.8 carats in size account for approximately 70% of Lucara's annual revenues. Though the Karowe mine has remained fully [...]
Lucara Diamond Corp. reports the following in accordance with the Swedish Financial Instruments Trading Act: As a result of the vesting of employee share units, the number of issued and outstanding shares of the Company has increased to 397,025,340 common shares with voting rights as at March 31, 2021. The total number of voting rights in the Company is therefore 397,025,340. This figure may be used by shareholders as the [...]
Lucara Diamond Corp. is pleased to announce the execution of a mandate for a senior secured project financing package of up to US$220 million to fund the underground expansion at Lucara's 100% owned Karowe Mine in Botswana. A syndicate of five international financial institutions, including ING Bank N.V. , Natixis , Société Générale, London Branch, Africa Finance Corporation and Afreximbank will act as the Mandated Lead [...]
Lucara Diamond Corp. today reports its results for the year and quarter ended December 31, 2020. View PDF version. HIGHLIGHTS: Revenue of $42.4 million or $402 per carat sold in Q4 2020. This includes diamonds sold through a combination of regular tenders, Clara, and through HB Antwerp under the supply agreement announced in July 2020. FY2020 total operating cash costs of $27.80 per tonne processed, 13% lower than the [...]
Lucara Diamond Corp. announces that it will be publishing its 2020 Year End Results on Monday, February 22, 2021 after market close in North America. Please view PDF version. The Company will host a conference call and webcast to discuss the results on Tuesday, February 23, 2021 at 7:00 a.m. Pacific, 10:00 a.m. Eastern, 3:00 p.m. UK, 4:00 p.m. CET. CONFERENCE CALL: Please call in 10 minutes before the conference call [...]
Lucara Diamond Corp. is pleased to announce another recovery of significance from its 100% owned Karowe Mine. A magnificent unbroken Type IIa 378 carat gem quality top white diamond was recently recovered from milling of ore sourced from the M/PK unit of the South Lobe. This recovery is the 2nd +300 carat gem quality diamond to be recovered this year from direct milling of the M/PK unit, a further testament to the strong [...]
Lucara Diamond Corp. is pleased to announce the recovery of an unbroken 341 carat top white gem quality diamond from its 100% owned Karowe Diamond Mine in Botswana. The 341 carat diamond was recovered over the holiday period from milling of ore sourced from the south western quadrant of the South Lobe M/PK unit. The recovery of large gem quality diamonds from the M/PK unit of the South Lobe is in line with expectations [...]
Lucara Diamond Corp. and Lucara Botswana Limited are pleased to announce that the application for the renewal of Mining Licence No 2008/6L in respect of its AK06 Mine has been approved by Botswana's Minister of Mineral Resources, Green Technology and Energy Security. The renewal is effective January 4, 2021 for a period of 25 years, securing Lucara's mining rights to 2046 and marks a critical step in the formal sanction [...]