Last C$2.05 CAD
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lucara diamond corp (LUC) Snapshot

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52 Week High
08/12/14 - C$2.83
52 Week Low
02/4/14 - C$1.40
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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.

121 Employees
Last Reported Date: 02/20/14
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. Terminates Anthony George Senior Vice President

Lucara Diamond Corp. announced that the company's Senior Vice President, Mr. Anthony George will, effective December 31, 2014, terminate his employment with Lucara Diamond Corp. and will be joining Lundin Gold Inc. as Vice President Project Development. Mr. George played an integral part in the development and construction of the Karowe Mine which is currently producing some of the world's most exceptional diamonds.

Lucara Diamond Plans To Divest Mothae Asset

Lucara Diamond Corp. (TSX:LUC) announces that after extensive financial and economic review, the Company intends to divest of its Mothae asset. Lucara Diamond has considered multiple development options for Mothae, and while the resource has been proven to be diamondiferous, Mothae does not meet Lucara Diamond’s disciplined investment criteria for its targeted return on capital and its forecast generation of long term free cash flow potential. As a result, Lucara Diamond has decided to enter into a process of divestiture of the asset. Discussions have been held with the Government of Lesotho and they are supportive of Lucara Diamond 's approach and have committed to provide support for any potential new owner of the project.

Lucara Diamond Corp. Provides Earnings and Operating Guidance for the Full Year 2015

Lucara Diamond Corp. provided earnings and operating guidance for the full year 2015. For the year, the company expects revenue of $230 to $240 million is expected from the sale of 400,000 to 420,000 carats of diamonds in 2015. The company expects to spend $7.0-$8.0 million on exploration work, to be conducted on its two prospecting licenses awarded in 2014. Sustaining capital expenditure is forecast between $7.5-$8.5 million including a one time expenditure to purchase mill relining equipment for an expenditure of $5 million of which $3 million is to be spent in 2015. For the year 2015, the company expects diamond sales of 400,000 to 420,000 carats. Diamond revenue of $230 million to $240 million. Ore tonnes mined of $2.5 million to $2.8 million. Waste tonnes mined of $12 million to $12.5 million. Ore tonnes milled of $2.3 million to $2.5 million. Botswana tax rate of 35% to 37%. Mining is forecast at 2.5-2.8 million tonnes of kimberlite. Waste mining is scheduled to be approximately 12.0-12.5 million tonnes. The Company is forecasting to process between 2.3-2.5 million tonnes through the plant.


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LUC Competitors

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Company Last Change
Dominion Diamond Corp C$20.62 CAD 0.00
Gem Diamonds Ltd 141.50 GBp -6.75
Alrosa AO 78.51 RUB +2.21
Petra Diamonds Ltd 154.30 GBp -4.80
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Valuation LUC Industry Range
Price/Earnings 7.4x
Price/Sales 2.5x
Price/Book 2.4x
Price/Cash Flow 6.3x
TEV/Sales 1.9x

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