Last $2.16 USD
Change Today 0.00 / 0.00%
Volume 0.0
LUCRF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
Stuttgart
Stockholm
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

lucara diamond corp (LUCRF) Snapshot

Open
$2.17
Previous Close
$2.16
Day High
$2.17
Day Low
$2.16
52 Week High
08/12/14 - $2.62
52 Week Low
09/25/13 - $0.97
Market Cap
819.7M
Average Volume 10 Days
3.8K
EPS TTM
--
Shares Outstanding
379.0M
EX-Date
06/4/14
P/E TM
--
Dividend
$0.04
Dividend Yield
0.85%
Current Stock Chart for LUCARA DIAMOND CORP (LUCRF)

Related News

No related news articles were found.

lucara diamond corp (LUCRF) Related Businessweek News

No Related Businessweek News Found

lucara diamond corp (LUCRF) 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 (LUCRF) 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
Chief Executive Officer of Boteti
Total Annual Compensation: $186.9K
Vice President of Development
Total Annual Compensation: $315.0K
Compensation as of Fiscal Year 2013.

lucara diamond corp (LUCRF) Key Developments

Republic of Botswana Grants Two Precious Stone Prospecting License to Lucara Diamond Corp

Lucara Diamond Corp. announced that the Republic of Botswana through the Ministry of Minerals, Energy and Water Resources has granted Lucara two precious stone prospecting licenses within the Orapa Kimberlite Field in close proximity to the Karowe Diamond Mine. Both prospecting license areas host known diamondiferous kimberlites. Block A or the BK2 license is 1.07 km(2) in area and located approximately 30 km to the east of Lucara's Karowe Diamond Mine. The BK2 kimberlite has a surface area of approximately 2.4ha and is exposed at surface in a series of narrow trenches. BK2 was discovered in 1967 and has seen episodic exploration with programs ranging from surface trenching, drilling, and microdiamond sampling. Insufficient drilling has been completed to properly outline the size of the intrusion and establish the internal geology. Previous operators conducted microdiamond sampling on drill chips and surface trench material. A sample of fresh magmatic kimberlite from drilling returned a total of 800 microdiamonds from a 134.4 kilogram sample. A total of 6 diamonds were >0.850mm in size. The previous operator concluded that many of the microdiamonds were fragments of a larger diamond that was likely broken during sampling. Lucara plans to conduct a full site assessment and locate areas amenable for the extraction of a large volume of kimberlite for diamond content and size distribution analysis. Block E is 55.4km(2) in area and located immediately to the south and east of Debswana's Orapa Mine lease and approximately 15km to the north of Lucara's Karowe Diamond Mine. The prospecting license holds 4 known kimberlite occurrences (AK11, 12, 13, and 14). The AK13 and 14 occurrences are poorly understood and may be dykes. The AK11 is poorly constrained geologically and has an estimated surface area of 2.4ha. The AK12 kimberlite has an estimated surface area of 1 to 2.5ha and previous operators processed large diameter drill chips that confirmed that the kimberlite is diamondiferous. Both the AK11 and AK12 lie beneath a thin veneer of sand cover and may be amenable to trenching and mini-bulk sampling for diamond content and size distribution analysis.

Lucara Diamond Corp. Reports Production and Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revised Revenue Guidance for the Year 2014; Provides Production Outlook for the Year 2014

Lucara Diamond Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income attributable to shareholders of the company of $15.66 million or $0.04 per basic and diluted share compared to $22.75 million or $0.06 per basic and diluted share for the same period a year ago. Revenue was $71.0 million compared to $47.2 million last year. EBITDA was $47.9 million against $29.0 million a year ago. Adjusted net income for the period was $39.1 million against $22.7 million a year ago. Adjusted basic and diluted earnings per share were $0.10 compared to $0.06 per share last year. Cash flows from operating activities were $41.1 million against $25.534 million a year ago. The increase in revenue for the quarter of $23.8 million compared to the prior year is due to higher prices received for the Karowe diamonds and a larger number of carats being sold during the period. EBITDA is higher than the prior year as higher prices were received for the Karowe diamonds during the period and were partially offset by higher costs to reflect increased waste stripping during the period. Net income before tax was $36.107 million against $22.679 million a year ago. Capital expenditures were $9.4 million compared to $1.7 million last year. For the six months, the company reported net income attributable to shareholders of the company of $20.79 million or $0.05 per basic and diluted share compared to $28.87 million or $0.08 per basic and diluted share for the same period a year ago. Revenue was $103.8 million compared to $79.7 million last year. EBITDA was $61.3 million against $43.7 million a year ago. Adjusted net income for the period was $48.7 million against $28.8 million a year ago. Adjusted basic and diluted earnings per share were $0.13 compared to $0.08 per share last year. Cash flows from operating activities were $50.320 million against $40.6 million a year ago. Capital expenditures were $11.3 million compared to $3.911 million last year. Net income before tax was $43.652 million against $28.848 million a year ago. For the quarter, the company’s ore mined production was 677,882 tonnes compared to ore mined production of 1,157,747 tonnes for the same period a year ago. Waste mined production was 3,166,644 tonnes compared to 1,259,479 tonnes last year. Milled production was 664,812 tonnes compared to 560,910 tonnes last year. For the six months, the company’s ore mined production was 1,566,770 tonnes, waste mined production was 5,168,966 tonnes and milled production was 1,345,542 tonnes. The company has increased its revenue forecast by approximately 60% for the year 2014 to between $240 million to $250 million based on year to date sales, current diamond inventory and its forecast production. Karowe is still forecast to process between 2.2 - 2.4 million tonnes. Forecast for ore mined remains at between 3.0 ­ 3.5 million tonnes and waste mined between 10.0 ­11.0 million tonnes.

Lucara Diamond Corp., Q2 2014 Earnings Call, Aug 14, 2014

Lucara Diamond Corp., Q2 2014 Earnings Call, Aug 14, 2014

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
LUCRF:US $2.16 USD 0.00

LUCRF Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Dominion Diamond Corp C$14.50 CAD -0.31
Gem Diamonds Ltd 195.00 GBp -1.00
Alrosa AO 37.30 RUB -1.15
Petra Diamonds Ltd 190.20 GBp -6.50
View Industry Companies
 

Industry Analysis

LUCRF

Industry Average

Valuation LUCRF Industry Range
Price/Earnings 14.2x
Price/Sales 4.0x
Price/Book 3.6x
Price/Cash Flow 11.4x
TEV/Sales 3.6x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact LUCARA DIAMOND CORP, please visit www.lucaradiamond.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.