Last C$1.91 CAD
Change Today -0.04 / -2.05%
Volume 862.4K
As of 4:34 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

lucara diamond corp (LUC) Snapshot

Open
C$1.95
Previous Close
C$1.95
Day High
C$1.96
Day Low
C$1.87
52 Week High
08/12/14 - C$2.83
52 Week Low
03/3/14 - C$1.52
Market Cap
724.6M
Average Volume 10 Days
997.4K
EPS TTM
C$0.16
Shares Outstanding
379.4M
EX-Date
12/3/14
P/E TM
9.5x
Dividend
C$0.04
Dividend Yield
4.19%
Current Stock Chart for LUCARA DIAMOND CORP (LUC)

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lucara diamond corp (LUC) Details

Lucara Diamond Corp., a diamond mining company, is engaged in the acquisition, exploration, development, and operation of diamond properties in Africa. The company operates through Karowe Mine and Mothae Diamond Project segments. Its principal properties include a 100% interest in the Karowe Mine located in Botswana; and a 75% interest in the Mothae Diamond Project located in Lesotho. The company was formerly known as Bannockburn Resources Limited and changed its name to Lucara Diamond Corp. in August 2007. Lucara Diamond Corp. was incorporated in 1981 and is headquartered in Vancouver, Canada.

Founded in 1981

lucara diamond corp (LUC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $407.7K
Chief Financial Officer
Total Annual Compensation: $314.8K
Chief Operating Officer
Total Annual Compensation: $226.7K
Vice President of Mineral Resources
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

lucara diamond corp (LUC) Key Developments

Lucara Diamond Corp. Announces Financial Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Production and Financial Guidance for the Year of 2015

Lucara Diamond Corp. announced financial results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported revenue of $70.5 million against $58.7 million a year ago. Net loss was $16.8 million against net income of $21.3 million a year ago. For the year, the company reported revenue of $265.5 million against $180.5 million a year ago. Net income was $45.7 million against net income of $65.2 million a year ago. Adjusted net income for the period was $90.8 million or $0.24 per diluted share against $65.2 million or $0.17 per diluted share a year ago. EBITDA for the year was $173.4 million compared to the previous year of $102.9 million. The strong operating margins were largely due to the exceptional stone sales and the Company's focus on cost control, which resulted in a cost per tonne treated of $28 compared to guidance of $31-$33 per tonne. The increase in revenues of 47% or $85.0 million compared to the prior year was due to higher prices received for the Karowe diamonds and a larger number of carats being sold in the large exceptional stones tenders, which contributed $135.6 million to revenues. Capital expenditures include the completion of the Karowe's plant optimization project during the second quarter of 2015 for a total cost of $55 million and sustaining capital expenditure is forecast between $7.5-$8.5 million in 2015. Karowe is forecast to process 2.3-2.5 million tonnes of ore and to sell 400,000 to 420,000 carats of diamond in 2015. Revenue is forecast between $230 and $240 million. Ore mined is forecast between 2.5-2.8 million tonnes and waste mined is expected to be between 12.0-12.5 million tonnes. Karowe's operating cash costs are expected to be between $33 and $36 per tonne ore treated. The Company has also forecast exploration expenditures of $7.0-$8.0 million for work on its two Botswana prospecting licenses, of which $2.0 million of a forecast total cost of $4.5 million on a bulk sample plant has been spent in 2014.

Lucara Diamond Corp., Q4 2014 Earnings Call, Feb 20, 2015

Lucara Diamond Corp., Q4 2014 Earnings Call, Feb 20, 2015

Lucara Diamond Corp. Presents at GMP Jamboree Conference, Feb-06-2015 04:00 PM

Lucara Diamond Corp. Presents at GMP Jamboree Conference, Feb-06-2015 04:00 PM. Venue: Arabella Resort & Spa, Hermanus, South Africa.

 

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LUC Competitors

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Company Last Change
Dominion Diamond Corp C$15.56 CAD 0.00
Gem Diamonds Ltd 152.00 GBp -0.75
Alrosa AO 68.50 RUB -1.62
Petra Diamonds Ltd 187.60 GBp -1.50
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Industry Analysis

LUC

Industry Average

Valuation LUC Industry Range
Price/Earnings 12.3x
Price/Sales 2.2x
Price/Book 2.5x
Price/Cash Flow 9.3x
TEV/Sales 1.8x
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