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Last C$2.00 CAD
Change Today 0.00 / 0.00%
Volume 299.7K
LUC On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stuttgart
Stockholm
As of 4:00 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

lucara diamond corp (LUC) Snapshot

Open
C$2.00
Previous Close
C$2.00
Day High
C$2.02
Day Low
C$1.99
52 Week High
08/12/14 - C$2.83
52 Week Low
01/14/15 - C$1.60
Market Cap
759.0M
Average Volume 10 Days
742.6K
EPS TTM
C$0.17
Shares Outstanding
379.5M
EX-Date
06/3/15
P/E TM
8.9x
Dividend
C$0.04
Dividend Yield
4.00%
Current Stock Chart for LUCARA DIAMOND CORP (LUC)

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lucara diamond corp (LUC) Details

Lucara Diamond Corp., a diamond mining company, engages in the acquisition, exploration, development, and operation of diamond properties in Africa. Its principal properties include a 100% interest in the Karowe Mine that covers 15.3 square kilometers of mining license located in Botswana; and a 75% interest in the Mothae Diamond Project, which consists 20.0 square kilometers mining license 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: $395.8K
Chief Financial Officer
Total Annual Compensation: $360.8K
Chief Operating Officer
Total Annual Compensation: $326.5K
Vice President of Mineral Resources
Total Annual Compensation: $184.8K
Vice President of Mineral Resources
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

lucara diamond corp (LUC) Key Developments

Lucara Diamond Corp. Reports Unaudited Consolidated Financial and Operating Results for the First Quarter Ended March 31, 2015; Provides Production and Capital Expenditure Guidance for 2015

Lucara Diamond Corp. reported unaudited consolidated financial results for the first quarter ended March 31, 2015. The company reported revenue of $29.6 million or $277 per carat yielding a 61% operating margin of $169% during the period against revenue of $32.8 million for the same period of last year. The company's EBITDA at the end of March 2015 was $11.9 million against $32.8 million for the same period of last year. The company's quarter-end cash balance was $87.5 million compared to a cash balance of $56.8 million at March 31, 2014 and $100.8 million of cash at the end of 2014. The company's Scotiabank $50 million credit facility remains undrawn. Adjusted earnings per share is $0.02 per share for the three month period ended March 31, 2015 against $0.03 for the same period of last year. Net income for the period was $6.0 million against $5.1 million for the same period of last year. Earnings per basic and diluted share was $0.02 against $0.01 for the same period of last year. Capital expenditures were $9.4 million against $1.9 million for the same period of last year. Income from mining operations was $11.196 million against $13.106 million a year ago. Net income before tax was $10.221 million against $7.545 million a year ago. The company announced that its plant optimization program is on schedule and processing of south lobe ore is expected to commence during the second quarter. In the field of Exceptional Diamonds: The company recovered its large gem quality diamond at 342 carats. The diamond will be offered for sale at the company's first exceptional stone tender in 2015. Plant Optimization Project: A primary focus for the Company in 2015 is to complete the plant optimization program so that it can commence mining the expected high value south lobe ore on a sustainable basis during the year. The project has advanced very well with construction largely complete and with no disruption to current operations or production. The project is forecast to be complete within the $55 million budget. Commissioning has commenced and operational ramp up is expected to be complete during the second quarter of the year. The Company plans to start treating stockpiled south lobe ore during the second half of this year. Upon the integration of the XRT machines to the process plant, the company has recovered 19 (20-50 carats) stones, 3 (50-100 carats) stones and 4 (over 100 carats) stones. The company provides management's production and cost estimates for 2015. Karowe Mine, Botswana: Karowe is in line with its forecast to process 2.3-2.5 million tonnes of ore and to sell 400,000 to 420,000 carats of diamond in 2015 and maintains its revenue forecast of between $230 and $240 million. Ore mined is forecasted 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 maintained its forecast for the plant optimization project at a total cost of $55 million. In addition to the plant optimization project, the company has forecast expenditures of $5 million for the purchase and installation of a mill relining machine of which up to $3 million is forecast to be spent in 2015. Sustaining capital expenditures are forecasted to be between $4.5-$5.5 million for the year. The company maintains its forecast to spend between $7-$8 million on exploration, including the purchase of a bulk sample plant for up to $5 million.

Lucara Diamond Corp. Declares Semi Annual Dividend Payable on June 18, 2015

Lucara Diamond Corp. announced a semi-annual dividend of CAD 0.02 on the issued common shares of Lucara which is payable on June 18, 2015 to the common shareholders on record of the Company on June 05, 2015.

Lucara Diamond Corp., Q1 2015 Earnings Call, May 13, 2015

Lucara Diamond Corp., Q1 2015 Earnings Call, May 13, 2015

 

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LUC:CN C$2.00 CAD 0.00

LUC Competitors

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Company Last Change
Dominion Diamond Corp C$16.28 CAD +0.24
Gem Diamonds Ltd 130.00 GBp +2.00
Alrosa PAO 73.49 RUB +2.29
Petra Diamonds Ltd 148.90 GBp -1.40
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Industry Analysis

LUC

Industry Average

Valuation LUC Industry Range
Price/Earnings 12.1x
Price/Sales 2.2x
Price/Book 2.6x
Price/Cash Flow 9.2x
TEV/Sales 1.9x
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