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Lucara's Special Diamond Tender Nets $25M
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Lucara Diamond Corporation held a special tender of Karowe diamonds on May 22, which consisted of 15 single lots of diamonds. All 15 stones were sold for $24.85 million or $30,468 per carat. The highest value stone was...
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Rough Markets
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May 22, 2013
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Jeff Miller
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Lucara Diamond Records Profit of $6M in 1Q
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Lucara Diamond reported revenue of $32.5 million for the first quarter that ended on March 31. The junior mining company recorded no revenue one year earlier. Profit rose to $6.2 million compared with a loss...
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Mining
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May 09, 2013
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Jeff Miller
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Rough Markets
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Apr 30, 2013
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Jeff Miller
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Mining
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Mar 21, 2013
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Jeff Miller
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Lucara Recovers 239-Ct. Diamond at Botswana Mine
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Lucara Diamond Corporation recovered a 239.2-carat diamond from its Karowe mine in Botswana, the company reported. Two more exceptional stones were recently found at the mine, including a stone weighing 124 carats and another...
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Mining
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Mar 18, 2013
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Avi Krawitz
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Lucara Sells Rare Blue Diamond for Nearly $5M
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Lucara Diamond Corp. sold a 9.46-carat blue diamond for $4.5 million, or $477,272 per carat, at its recent sale of goods from the Karowe diamond mine in Botswana.The diamond was the top lot at Lucara’s recent...
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Rough Markets
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Nov 27, 2012
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Dilipp S Nag
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Lucara's Rough Tender Nets Almost $2M
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Lucara Diamond Corporation sold 4,657 carats of rough diamonds from its Mothae diamond mine for $1.51 million, yielding an average price of $324 per carat. The diamond sale consisted of 32 parcels of which 26 were sold...
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Rough Markets
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Sep 19, 2012
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Jeff Miller
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Lucara's Second Karowe Tender Nets $7M
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Lucara Diamond's second sale of diamonds from the Karowe mine fetched $6.5 million as the company sold 91 percent of the lots placed on offer. The auction sold 36,842 carats of diamonds for an average estimated price...
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Rough Markets
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Jul 17, 2012
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Deena Taylor
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Lucara's First Online Karowe Auction Nets $6M
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Lucara Diamond Corp.'s first sale of Karowe diamonds through its new online auction system fetched $5.64 million. The company reported that 26,196 carats sold for an average price of $215 per carat and...
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Rough Markets
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Jun 12, 2012
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Deena Taylor
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Lucara's 1Q Loss Grows to $4M, Cash Position at $26M
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Lucara Diamond reported its first fiscal-quarter expenses were $3.3 million, up from $1.2 million one year ago, and it recorded a net loss of $4.2 million compared with $1.9 million. The company's net cash...
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Mining
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May 11, 2012
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Jeff Miller
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Lucara Recovers 5,300 Carats from Karowe
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Lucara Diamond Corporation produced its first diamonds from the Karowe mine in Botswana. More than 5,300 carats of diamonds were recovered from ore mined from the upper benches of the north lobe of the...
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Rough Markets
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Apr 23, 2012
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Jeff Miller
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Diamond Explorers Update Project Status
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Diamond mining companies dominated the news this week led by Rio Tinto's decision to weigh selling-off its diamond mining assets, while Lucara Diamond and Botswana Diamonds reported financial results and updated shareholders...
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Mining
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Mar 28, 2012
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Rapaport News
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Lucara's Sales Approach $15M in 2011
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Lucara Diamond sold approximately $14.6 million worth of rough diamonds in two sales during 2011, its first year of recording diamond revenue. The mining company's net loss in 2011 came to $18.7 million compared with...
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Financial-Legal
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Mar 23, 2012
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Jeff Miller
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Lucara's Rough Tender Sells $6M
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Lucara Diamond sold $6.4 million worth of rough diamonds at its second tender of goods from the Mothae mine in Lesotho. The company reported that all 28 lots offered received multiple bids with 7,190 carats...
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Rough Markets
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Dec 13, 2011
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Avi Krawitz
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Lucara's 3Q Loss +73% to Almost $6M
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Lucara Diamond Corporation increased its loss 73 percent year on year to $5.5 million for the third quarter that ended on September 30. Exploration expenses rose 24 percent to $3.1 million. During the quarter, Lucara Diamond...
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Mining
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Nov 14, 2011
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Jeff Miller
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Lucara Diamond Shares Move to TSX Main Board
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Lucara Diamond Corporation will commence trading on the main board of the Toronto Stock Exchange (TSX) when the market opens on Monday, August 29, 2011. The company's trading symbol "LUC" will remain the...
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Financial-Legal
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Aug 26, 2011
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Jeff Miller
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Lucara's AK6 Construction Resumes
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An industrial action across South Africa, during the first two weeks in July, affected steel fabricators and several mechanical and electrical contractors among others, causing indirect construction delays at Lucara Diamond Corporation's AK6 diamond mine in Botswana. While construction at AK6 has resumed now, the...
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Mining
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Aug 16, 2011
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Jeff Miller
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Lucara Secures $50M in Financing
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Lucara Diamond secured a $50 million credit facility from Zebra Holdings and Lorito Holdings, each an investment company owned by the Adolf H. Lundin trust. The facility has a maturity date of December 31, 2013, and...
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Mining
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Jul 08, 2011
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Jeff Miller
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Lucara's AK6 Development Remains on Time and Within Budget
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Lucara Diamond Corporation expects that its AK6 diamond project in Botswana will ramp up to full production in early 2012 and deliver more than 400,000 carats of high-quality diamonds in its first year of operation, according to a statement...
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Mining
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Jun 27, 2011
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Jeff Miller
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Mothae Sample Nets 1,903 Cts. for Lucara Diamond
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Lucara Diamond Corporation updated investors on trial mining operations from its Mothae kimberlite project in Lesotho. A sample collected in May produced 1,903.15 carats of diamonds with an average stone size of 0.45-carat from 33,691 dry tons...
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Mining
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Jun 17, 2011
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Jeff Miller
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