VANCOUVER, BC, March 3, 2022 /CNW/ - (TSX: LUC) (BSE: LUC)
(Nasdaq Stockholm: LUC)
Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to
announce that Eira Thomas, President and CEO, will be presenting at
a Virtual Town Hall meeting for investors, on Wednesday, March 9, 2022, at 12:00 EST / 5:00pm
BST / 6:00 pm CET. Please view
PDF version
The Company published its 2021 Year End results on February 24, 2022 (link to press release),
marking a strong year for operational and financial performance.
Some of the highlights include:
- Revenue of $230.1 million
increased 84% over the previous year.
- Average price per carat sold increased to $603/carat, an 80% increase over the previous
year.
- A total of 841 Specials (single diamonds in excess of 10.8
carats) recovered, representing 7.8% weight percent Specials, the
highest annual volume of Specials recovered since Karowe commenced
production in 2012.
- The third +1,000 carat diamond recovered since 2015.
- A record 2.8 million tonnes of ore processed, representing a
new annual record since the start of production at the Karowe
Mine.
- The Karowe underground expansion project was formally approved
by the Board of Directors and a total project investment of
$86.3 million during 2021 focused on
detailed design and engineering, establishing surface
infrastructure and shaft pre-sinking.
- Total sales volume of $28.7
million transacted on the Clara platform, a 168% increase
from the $10.7 million transacted in
2020.
The Karowe mine remains one of the world's highest margin
diamond mines yielding 4 of the 10 largest diamonds in recorded
history, including the 1,174 carat diamond recovered in 2021, the
1,758 carat Sewelô, the largest diamond recovered from Botswana, and the 1,109 Lesedi La Rona which sold for US$53 million.
Register for the live Lucara Town Hall event here: Link. A
Question & Answer period will follow the presentation. A copy
of the presentation will also be available on the Company's
website: https://lucaradiamond.com.
Eira Thomas
President and Chief Executive Officer
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ABOUT LUCARA
Lucara is a leading independent producer of large exceptional
quality Type IIa diamonds from its 100% owned Karowe Mine in
Botswana. The Company has an
experienced board and management team with extensive diamond
development and operations expertise. The Company operates
transparently and in accordance with international best practices
in the areas of sustainability, health and safety, environment and
community relations.
The information in this release is accurate at the time of
distribution but may be superseded or qualified by subsequent news
releases.
The information was submitted for publication, through the
agency of the contact person set out above, at 5:30 p.m. Pacific Time on March 3, 2022.
SOURCE Lucara Diamond Corp.