VANCOUVER, BC, Aug. 8, 2025 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version

Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the quarter ended June 30, 2025. All amounts are in U.S. dollars unless otherwise noted. 

Q2 2025 HIGHLIGHTS

In Q2 2025, the Company's revenue increased to $43.7 million from $41.3 million in Q2 2024, primarily due to the sale of a 1,094 carat diamond (the "Seriti") sold to HB for an initial polished value of $12.0 million. The final sale value of the Seriti will be determined once the polished outcomes are sold to end buyers.In July 2025, the Company recovered a 2,036 carat near-gem diamond. The stone was recovered from processing EM/PK(S)1 kimberlite and is the third largest rough diamond ever unearthed and the second largest rough diamond to be recovered in Botswana. The EM/PK(S) material which is the target of the UGP has now produced seven of the world's largest recorded natural diamond recoveries.The recovery of 242 Specials (defined as rough diamonds larger than 10.8 carats) (Q2 2024: 206 Specials) equated to 9.4% (Q2 2024: 6.9%) by weight of the total carats recovered from direct ore feed in Q2 2025. During Q2 2025, the Company recovered 15 stones over 100 carats, including two stones that exceeded 200 carats.A total of 85,024 carats were recovered in Q2 2025; 82,555 carats were from direct ore feed from the pit and stockpiles, at a recovered grade of 12.5 carats per hundred tonnes ("cpht"), and an additional 2,469 carats were recovered from processing of historical recovery tailings.During Q2 2025, the Company successfully funded the Cost Overrun Reserve Account ("CORA") to the required balance of $61.7 million. Following the funding of the CORA, the lenders approved the withdrawal of $28.0 million from the CORA in exchange for the Company's largest shareholder, Nemesia S.à.r.l. ("Nemesia"), agreeing to extend until project completion its $28.0 million shareholder standby undertaking in support of liquidity shortfalls.Operational highlights from the Karowe Mine included:Ore mined of 0.7 million tonnes ("Mt") (Q2 2024: 0.7 Mt).0.7 Mt of ore processed (Q2 2024: 0.7 Mt).Financial highlights for Q2 2025 included:Operating margins of 65% were achieved, a 2% decrease from operating margins of 67% in Q2 2024. The decrease in operating margins was driven by a 6% increase in revenue and a 12% increase in operating expenses, which reflects the cost of inventory sold during the period.Operating cost per tonne processed was $26.76 per tonne, a 2% increase compared to the Q2 2024 operating cost of $26.32 per tonne. The continued impact of inflationary pressures, particularly labour, has been well managed by the operation. Operating cost per tonne processed is a non-IFRS measure.Cash position and liquidity as at June 30, 2025:Cash balance of $22.7 million.$190.0 million has been fully drawn from the project finance facility ("Project Facility") for the Karowe underground project (the "UGP"), along with $30.0 million fully drawn from the working capital facility ("WCF" and together with the Project Facility, the "Facilities").Working capital deficit (current assets less current liabilities) of $156.4 million due to the classification of the Project Facility as a current liability. Refer to discussion under the heading Going Concern for further details.Excluding the Project Facility from current liabilities, positive working capital balance of $33.7 million.

VANCOUVER, BC, Aug. 8, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version

Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the quarter ended June 30, 2025. All amounts are in U.S. dollars unless otherwise noted. 

Q2 2025 HIGHLIGHTS

In Q2 2025, the Company's revenue increased to $43.7 million from $41.3 million in Q2 2024, primarily due to the sale of a 1,094 carat diamond (the "Seriti") sold to HB for an initial polished value of $12.0 million. The final sale value of the Seriti will be determined once the polished outcomes are sold to end buyers.In July 2025, the Company recovered a 2,036 carat near-gem diamond. The stone was recovered from processing EM/PK(S)1 kimberlite and is the third largest rough diamond ever unearthed and the second largest rough diamond to be recovered in Botswana. The EM/PK(S) material which is the target of the UGP has now produced seven of the world's largest recorded natural diamond recoveries.The recovery of 242 Specials (defined as rough diamonds larger than 10.8 carats) (Q2 2024: 206 Specials) equated to 9.4% (Q2 2024: 6.9%) by weight of the total carats recovered from direct ore feed in Q2 2025. During Q2 2025, the Company recovered 15 stones over 100 carats, including two stones that exceeded 200 carats.A total of 85,024 carats were recovered in Q2 2025; 82,555 carats were from direct ore feed from the pit and stockpiles, at a recovered grade of 12.5 carats per hundred tonnes ("cpht"), and an additional 2,469 carats were recovered from processing of historical recovery tailings.During Q2 2025, the Company successfully funded the Cost Overrun Reserve Account ("CORA") to the required balance of $61.7 million. Following the funding of the CORA, the lenders approved the withdrawal of $28.0 million from the CORA in exchange for the Company's largest shareholder, Nemesia S.à.r.l. ("Nemesia"), agreeing to extend until project completion its $28.0 million shareholder standby undertaking in support of liquidity shortfalls.Operational highlights from the Karowe Mine included:Ore mined of 0.7 million tonnes ("Mt") (Q2 2024: 0.7 Mt).0.7 Mt of ore processed (Q2 2024: 0.7 Mt).Financial highlights for Q2 2025 included:Operating margins of 65% were achieved, a 2% decrease from operating margins of 67% in Q2 2024. The decrease in operating margins was driven by a 6% increase in revenue and a 12% increase in operating expenses, which reflects the cost of inventory sold during the period.Operating cost per tonne processed was $26.76 per tonne, a 2% increase compared to the Q2 2024 operating cost of $26.32 per tonne. The continued impact of inflationary pressures, particularly labour, has been well managed by the operation. Operating cost per tonne processed is a non-IFRS measure.Cash position and liquidity as at June 30, 2025:Cash balance of $22.7 million.$190.0 million has been fully drawn from the project finance facility ("Project Facility") for the Karowe underground project (the "UGP"), along with $30.0 million fully drawn from the working capital facility ("WCF" and together with the Project Facility, the "Facilities").Working capital deficit (current assets less current liabilities) of $156.4 million due to the classification of the Project Facility as a current liability. Refer to discussion under the heading Going Concern for further details.Excluding the Project Facility from current liabilities, positive working capital balance of $33.7 million.

VANCOUVER, BC, May 14, 2025 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version 

Lucara Diamond Corp. ("Lucara" or the "Company") held its Annual General and Special Meeting of shareholders in Vancouver, British Columbia today. Shareholders voted as follows on the matters before the meeting:

Board Members

Shareholders elected the following 7 board members with shareholders represented at the meeting voting in favour of individual directors as follows:

Director

Votes

For

% Votes For

Votes

Withheld

% Votes Withheld

Sheila Colman

213,490,012

97.42 %

5,654,091

2.58 %

Paul Conibear

210,425,965

96.02 %

8,718,138

3.98 %

Ian Gibbs

204,915,863

93.51 %

14,228,240

6.49 %

Melissa Harmon

218,303,590

99.62 %

840,513

0.38 %

William Lamb

203,397,940

92.82 %

15,746,163

7.18 %

Adam Lundin

212,855,865

97.13 %

6,288,238

2.87 %

Peter J. O'Callaghan   

199,391,563

90.99 %

19,752,540

9.01 %

VANCOUVER, BC, May 14, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version 

Lucara Diamond Corp. ("Lucara" or the "Company") held its Annual General and Special Meeting of shareholders in Vancouver, British Columbia today. Shareholders voted as follows on the matters before the meeting:

Board Members

Shareholders elected the following 7 board members with shareholders represented at the meeting voting in favour of individual directors as follows:

VANCOUVER, BC, May 10, 2025 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC)  

Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the quarter ended March 31, 2025. All amounts are in U.S. dollars unless otherwise noted. PDF Version.

Q1 2025 HIGHLIGHTS

In Q1 2025, the Company's revenue decreased to $30.3 million compared to $39.5 million in Q1 2024, primarily due to fewer carats sold (Q1 2025: 72,871 carats, Q1 2024: 93,560 carats), which resulted from having to process lower-grade stockpile material because of unusually high January rainfall affecting mining in the open pit; and from mining a higher proportion of lower-grade M/PK(S)1 ore than planned higher-grade EM/PK(S)2 ore. Lower grade M/PK(S) was mined due to a shift in the contact between the two kimberlites. These factors resulted in the Company's 2025 revenue guidance being revised to $150 – $160 million. This lower revenue outlook has led management to assess the Company's ability to continue as a going concern, with concerns raised about sufficient working capital, cash flow from operations, and liquidity to meet obligations and ongoing UGP development.Subsequent to Q1 2025, the lenders approved a draw of up to $28.0 million from the Cost Overrun Reserve Account ("CORA") in exchange for the Company's largest shareholder, Nemesia S.à.r.l. ("Nemesia"), agreeing to amend the terms of its shareholder standby undertaking to extend it until project completion.During Q1 2025, the Company recovered six stones over 100 carats including the recovery of a 1,476 carat non-gem diamond. The 1,476 carat non-gem diamond was sold on tender for $1.11 million.The recovery of 139 Specials (defined as rough diamonds larger than 10.8 carats) (Q1 2024: 160 Specials) equated to 5.6% (Q1 2024: 5.1%) by weight of the total carats recovered from direct ore feed in Q1 2025.Significant progress was made in the lateral development connecting the two shafts. During Q1 2025, 230 metres ("m") of lateral development were completed on the production shaft and 83 m were completed on the ventilation shaft. At the end of Q1 2025, the production shaft had reached 731 metres below surface ("mbs") out of a planned final depth of 770 mbs. The ventilation shaft reached 680 mbs out of a planned final depth of 722 mbs.A total of 93,716 carats were recovered in Q1 2025; 90,500 carats were from direct ore feed from the pit and stockpiles, at a recovered grade of 13.4 carats per hundred tonnes ("cpht") and an additional 3,216 carats were recovered from processing of historical recovery tailings.Operational highlights from the Karowe Mine included:Ore mined of 0.4 million tonnes ("Mt") (Q1 2024: 0.8Mt). Ore mined in Q1 2025 was lower due to high rainfall in January which temporarily reduced access to the scheduled ore blocks.0.7Mt of ore processed (Q1 2024: 0.7Mt).Financial highlights for Q1 2025 included:Operating margins of 54% were achieved, consistent with Q1 2024, as both revenues and operating expenses decreased by 23%, resulting in consistent margins between the quarters.Operating cost per tonne processed was $23.41 per tonne, a 10% decrease compared to the Q1 2024 cost per tonne processed of $26.00 due to a lower volume of waste mined in Q1 2025. The continued impact of inflationary pressures, particularly labour, has been well managed by the operation. Operating cost per tonne processed is a non-IFRS measure.Cash position and liquidity as at March 31, 2025:$18.7 million of cash and $18.0 million of working capital (current assets less current liabilities).$190.0 million has been fully drawn from the project finance facility ("Project Facility") for the UGP, along with $30.0 million fully drawn from the working capital facility ("WCF").CORA balance of $50.5 million.

VANCOUVER, BC, May 9, 2025 /CNW/ -  (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC)  

Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the quarter ended March 31, 2025. All amounts are in U.S. dollars unless otherwise noted. PDF Version.

Q1 2025 HIGHLIGHTS

In Q1 2025, the Company's revenue decreased to $30.3 million compared to $39.5 million in Q1 2024, primarily due to fewer carats sold (Q1 2025: 72,871 carats, Q1 2024: 93,560 carats), which resulted from having to process lower-grade stockpile material because of unusually high January rainfall affecting mining in the open pit; and from mining a higher proportion of lower-grade M/PK(S)1 ore than planned higher-grade EM/PK(S)2 ore. Lower grade M/PK(S) was mined due to a shift in the contact between the two kimberlites. These factors resulted in the Company's 2025 revenue guidance being revised to $150 – $160 million. This lower revenue outlook has led management to assess the Company's ability to continue as a going concern, with concerns raised about sufficient working capital, cash flow from operations, and liquidity to meet obligations and ongoing UGP development.Subsequent to Q1 2025, the lenders approved a draw of up to $28.0 million from the Cost Overrun Reserve Account ("CORA") in exchange for the Company's largest shareholder, Nemesia S.à.r.l. ("Nemesia"), agreeing to amend the terms of its shareholder standby undertaking to extend it until project completion.During Q1 2025, the Company recovered six stones over 100 carats including the recovery of a 1,476 carat non-gem diamond. The 1,476 carat non-gem diamond was sold on tender for $1.11 million.The recovery of 139 Specials (defined as rough diamonds larger than 10.8 carats) (Q1 2024: 160 Specials) equated to 5.6% (Q1 2024: 5.1%) by weight of the total carats recovered from direct ore feed in Q1 2025.Significant progress was made in the lateral development connecting the two shafts. During Q1 2025, 230 metres ("m") of lateral development were completed on the production shaft and 83 m were completed on the ventilation shaft. At the end of Q1 2025, the production shaft had reached 731 metres below surface ("mbs") out of a planned final depth of 770 mbs. The ventilation shaft reached 680 mbs out of a planned final depth of 722 mbs.A total of 93,716 carats were recovered in Q1 2025; 90,500 carats were from direct ore feed from the pit and stockpiles, at a recovered grade of 13.4 carats per hundred tonnes ("cpht") and an additional 3,216 carats were recovered from processing of historical recovery tailings.Operational highlights from the Karowe Mine included:Ore mined of 0.4 million tonnes ("Mt") (Q1 2024: 0.8Mt). Ore mined in Q1 2025 was lower due to high rainfall in January which temporarily reduced access to the scheduled ore blocks.0.7Mt of ore processed (Q1 2024: 0.7Mt).Financial highlights for Q1 2025 included:Operating margins of 54% were achieved, consistent with Q1 2024, as both revenues and operating expenses decreased by 23%, resulting in consistent margins between the quarters.Operating cost per tonne processed was $23.41 per tonne, a 10% decrease compared to the Q1 2024 cost per tonne processed of $26.00 due to a lower volume of waste mined in Q1 2025. The continued impact of inflationary pressures, particularly labour, has been well managed by the operation. Operating cost per tonne processed is a non-IFRS measure.Cash position and liquidity as at March 31, 2025:$18.7 million of cash and $18.0 million of working capital (current assets less current liabilities).$190.0 million has been fully drawn from the project finance facility ("Project Facility") for the UGP, along with $30.0 million fully drawn from the working capital facility ("WCF").CORA balance of $50.5 million.

VANCOUVER, BC, April 14, 2025 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version

Lucara Diamond Corp. ("Lucara" or the "Company") announces that its Annual General and Special Meeting of Shareholders (the "Meeting") will be held at the office of the Company, at 1055 Dunsmuir Street, Suite 2800, Vancouver, BC V7X 1L2, Canada on Wednesday, May 14, 2025 at 10:00 a.m. (Pacific Time), for the following purposes:

To receive the audited consolidated financial statements for the year ended December 31, 2024, together with the report of the auditors;To reappoint the auditors for the upcoming year and to authorize the directors to fix their remuneration;To elect directors for the upcoming year;To pass an ordinary resolution to approve certain amendments to the Company's share unit plan;To pass an ordinary resolution to approve certain amendments to the Company's deferred share unit plan;To pass an ordinary resolution to approve certain amendments to the Company's stock option plan; andTo adopt an advisory resolution on executive compensation.

VANCOUVER, BC, April 14, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version

Lucara Diamond Corp. ("Lucara" or the "Company") announces that its Annual General and Special Meeting of Shareholders (the "Meeting") will be held at the office of the Company, at 1055 Dunsmuir Street, Suite 2800, Vancouver, BC V7X 1L2, Canada on Wednesday, May 14, 2025 at 10:00 a.m. (Pacific Time), for the following purposes:

To receive the audited consolidated financial statements for the year ended December 31, 2024, together with the report of the auditors;To reappoint the auditors for the upcoming year and to authorize the directors to fix their remuneration;To elect directors for the upcoming year;To pass an ordinary resolution to approve certain amendments to the Company's share unit plan;To pass an ordinary resolution to approve certain amendments to the Company's deferred share unit plan;To pass an ordinary resolution to approve certain amendments to the Company's stock option plan; andTo adopt an advisory resolution on executive compensation.

VANCOUVER, BC, March 31, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF version

Lucara Diamond Corp. ("Lucara" or the "Company") today announced a strategic change in the management of its Karowe underground project ("UGP") in Botswana. The Company has terminated its Engineering, Procurement and Construction Management ("EPCM") contract with JDS Energy & Mining Inc. ("JDS") for the development of the UGP, effective March 31, 2025. The Company has entered into a Master Service Agreement ("MSA") with JDS to complete specific engineering components of the project, while all site-based contracts and activities will transition to owner-managed operations.

VANCOUVER, BC, March 31, 2025 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF version

Lucara Diamond Corp. ("Lucara" or the "Company") today announced a strategic change in the management of its Karowe underground project ("UGP") in Botswana. The Company has terminated its Engineering, Procurement and Construction Management ("EPCM") contract with JDS Energy & Mining Inc. ("JDS") for the development of the UGP, effective March 31, 2025. The Company has entered into a Master Service Agreement ("MSA") with JDS to complete specific engineering components of the project, while all site-based contracts and activities will transition to owner-managed operations.

VANCOUVER, BC, March 3, 2025 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the appointment of Melissa Harmon to its Board of Directors.

Ms. Harmon has more than two decades of experience in gold mining and is currently Senior Vice President, Divestitures at Newmont Corporation. Ms. Harmon is a leader in safety and brings with her a wealth of technical expertise and experience relating to both open pit and underground mining operations. Moreover, she has received numerous awards for contributions to the mining industry in areas relating to safety and diversity, equity and inclusion, and is the recipient of the 2022 Miner of the Year Award from the Society of Mining, Metallurgy & Exploration. Ms. Harmon is currently a director at Lundin Gold Inc. She holds a Bachelor of Science in Mine Engineering from the University of Nevada, Reno, where she also serves on several executive boards, and a Masters of Business Administration from Auburn University. She is a registered Professional Engineer in the United States.

VANCOUVER, BC, March 3, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version

Lucara Diamond Corp. ("Lucara" or the "Company") is pleased to announce the appointment of Melissa Harmon to its Board of Directors.

Ms. Harmon has more than two decades of experience in gold mining and is currently Senior Vice President, Divestitures at Newmont Corporation. Ms. Harmon is a leader in safety and brings with her a wealth of technical expertise and experience relating to both open pit and underground mining operations. Moreover, she has received numerous awards for contributions to the mining industry in areas relating to safety and diversity, equity and inclusion, and is the recipient of the 2022 Miner of the Year Award from the Society of Mining, Metallurgy & Exploration. Ms. Harmon is currently a director at Lundin Gold Inc. She holds a Bachelor of Science in Mine Engineering from the University of Nevada, Reno, where she also serves on several executive boards, and a Masters of Business Administration from Auburn University. She is a registered Professional Engineer in the United States.

VANCOUVER, BC, Feb. 22, 2025 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version

Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the year ended December 31, 2024. All amounts are in U.S. dollars unless otherwise noted.

2024 HIGHLIGHTS

As of December 31, 2024, Karowe had operated for over three years without a lost time injury.Recoveries of two exceptional diamonds larger than 1,000 carats: the 2,488 carat(1) Motswedi and the 1,094 carat Seriti diamonds. The Company recovered an additional 1,476 carat non-gem diamond in January 2025.  A total of 399,215 carats were sold, generating revenue of $203.9 million as well as payments received for the sale of the Sethunya, a 549 carat Type IIA white gem quality diamond and the Eva Star, a 1,080 carat Type IIA diamond. The Company sold the two stones for a combined sum of $54.0 million and recognized $44.0 million in revenue net of fees, excluding royalties.The recovery of 807 Specials (defined as rough diamonds larger than 10.8 carats) (2023: 602 Specials) equated to 7.6% (2023: 5.3%) by weight of the total recovered carats from ore processed in 2024.  Significant progress was made in shaft sinking and shaft connection lateral development. During 2024, 702 metres ("m") were sunk consisting of 375 m in the production shaft and 327 m in the ventilation shaft. A total of 464 m of lateral development was completed, connecting the two shafts at the 670-level and 470-level. Each level is equivalent to a metre above sea level.  At the end of Q4 2024, the production shaft reached 731 metres below surface ("mbs") out of a planned final depth of 770 mbs. The ventilation shaft reached 671 mbs out of a planned final depth of 722 mbs.A total of 94,713 carats were recovered in Q4 2024, including 91,046 carats from direct ore feed from the pit and stockpiles, at a recovered grade of 12.7 carats per hundred tonnes ("cpht") and an additional 3,667 carats were recovered from processing of historic recovery tailings. All key operational and financial metrics from the Company's 2024 Revised Guidance were achieved. On October 4, 2024, the Company sold its interest in Clara Diamond Solutions Limited Partnership, Clara Diamond Solutions B.V., and Clara Diamond Solutions GP (together referred to as "Clara") including all related intangible assets. The Company received $3.0 million in cash less working capital adjustments and the return of 10,000,000 Lucara common shares as consideration for the sale.  Operational highlights from the Karowe Mine included:  Ore and waste mined of 3.0 million tonnes ("Mt") (2023: 2.7 Mt) and 0.9 Mt (2023: 3.1 Mt), respectively. 2.9 Mt of ore processed (2023: 2.8 Mt), setting a new annual production record.  Financial highlights for 2024 included:  Operating margins of 61% were achieved (2023: 58%). Higher operating margins resulted from revenue increasing by 18% while operating expenses increased by 9%.  Operating cost per tonne processed was $27.14 per tonne, a decrease of 5.6% compared to 2023 cost per tonne processed of $28.75 per tonne due to a lower volume of waste mined in 2024. The continued impact of inflationary pressures, particularly labour, has been well managed by the operation. A strong US dollar continues to offset a small increase in costs over the comparable period. Operating cost per tonne processed is a non-IFRS measure.Cash position and liquidity as at December 31, 2024: $22.8 million of cash and $27.1 million of working capital (current assets less current liabilities).$180.0 million drawn on the $190.0 million Project Facility ("Project Facility") for the Karowe underground project ("UGP") with $25.0 million drawn on the $30.0 million Working Capital Facility ("WCF") and a Cost Overrun Reserve Account ("CORA") balance of $49.1 million. 

VANCOUVER, BC, Feb. 21, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC) PDF Version

Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the year ended December 31, 2024. All amounts are in U.S. dollars unless otherwise noted.

2024 HIGHLIGHTS

As of December 31, 2024, Karowe had operated for over three years without a lost time injury.Recoveries of two exceptional diamonds larger than 1,000 carats: the 2,488 carat(1) Motswedi and the 1,094 carat Seriti diamonds. The Company recovered an additional 1,476 carat non-gem diamond in January 2025.  A total of 399,215 carats were sold, generating revenue of $203.9 million as well as payments received for the sale of the Sethunya, a 549 carat Type IIA white gem quality diamond and the Eva Star, a 1,080 carat Type IIA diamond. The Company sold the two stones for a combined sum of $54.0 million and recognized $44.0 million in revenue net of fees, excluding royalties.The recovery of 807 Specials (defined as rough diamonds larger than 10.8 carats) (2023: 602 Specials) equated to 7.6% (2023: 5.3%) by weight of the total recovered carats from ore processed in 2024.  Significant progress was made in shaft sinking and shaft connection lateral development. During 2024, 702 metres ("m") were sunk consisting of 375 m in the production shaft and 327 m in the ventilation shaft. A total of 464 m of lateral development was completed, connecting the two shafts at the 670-level and 470-level. Each level is equivalent to a metre above sea level.  At the end of Q4 2024, the production shaft reached 731 metres below surface ("mbs") out of a planned final depth of 770 mbs. The ventilation shaft reached 671 mbs out of a planned final depth of 722 mbs.A total of 94,713 carats were recovered in Q4 2024, including 91,046 carats from direct ore feed from the pit and stockpiles, at a recovered grade of 12.7 carats per hundred tonnes ("cpht") and an additional 3,667 carats were recovered from processing of historic recovery tailings. All key operational and financial metrics from the Company's 2024 Revised Guidance were achieved. On October 4, 2024, the Company sold its interest in Clara Diamond Solutions Limited Partnership, Clara Diamond Solutions B.V., and Clara Diamond Solutions GP (together referred to as "Clara") including all related intangible assets. The Company received $3.0 million in cash less working capital adjustments and the return of 10,000,000 Lucara common shares as consideration for the sale.  Operational highlights from the Karowe Mine included:  Ore and waste mined of 3.0 million tonnes ("Mt") (2023: 2.7 Mt) and 0.9 Mt (2023: 3.1 Mt), respectively. 2.9 Mt of ore processed (2023: 2.8 Mt), setting a new annual production record.  Financial highlights for 2024 included:  Operating margins of 61% were achieved (2023: 58%). Higher operating margins resulted from revenue increasing by 18% while operating expenses increased by 9%.  Operating cost per tonne processed was $27.14 per tonne, a decrease of 5.6% compared to 2023 cost per tonne processed of $28.75 per tonne due to a lower volume of waste mined in 2024. The continued impact of inflationary pressures, particularly labour, has been well managed by the operation. A strong US dollar continues to offset a small increase in costs over the comparable period. Operating cost per tonne processed is a non-IFRS measure.Cash position and liquidity as at December 31, 2024: $22.8 million of cash and $27.1 million of working capital (current assets less current liabilities).$180.0 million drawn on the $190.0 million Project Facility ("Project Facility") for the Karowe underground project ("UGP") with $25.0 million drawn on the $30.0 million Working Capital Facility ("WCF") and a Cost Overrun Reserve Account ("CORA") balance of $49.1 million. 

VANCOUVER, BC, Feb. 12, 2025 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is delighted to announce the successful sale of two extraordinary diamonds from its world-class Karowe Mine in Botswana. Final payment for and delivery of the legendary 549 carat Sethunya diamond and the magnificent 1,080 carat Eva Star diamond has been completed, marking one of the most significant diamond sales in recent history. All amounts are expressed in U.S. dollars unless otherwise indicated. PDF Version

VANCOUVER, BC, Feb. 11, 2025 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq FNGM: LUC)

Lucara Diamond Corp. ("Lucara" or the "Company") is delighted to announce the successful sale of two extraordinary diamonds from its world-class Karowe Mine in Botswana. Final payment for and delivery of the legendary 549 carat Sethunya diamond and the magnificent 1,080 carat Eva Star diamond has been completed, marking one of the most significant diamond sales in recent history. All amounts are expressed in U.S. dollars unless otherwise indicated. PDF Version

VANCOUVER, B.C., Jan. 24, 2025 /PRNewswire/ -- (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)

Lucara Diamond Corp. ("Lucara" or the "Company") has applied for and today received approval for admission to commence trading on the Nasdaq First North Growth Market in Sweden. The first day of trading on Nasdaq First North Growth Market will be Friday, January 31, 2025. The Company's listing on the Toronto Stock Exchange and the Botswana Stock Exchange will not be affected by this transition. PDF Version

VANCOUVER, B.C., Jan. 24, 2025 /CNW/ - (LUC – TSX, LUC – BSE, LUC – Nasdaq Stockholm)

Lucara Diamond Corp. ("Lucara" or the "Company") has applied for and today received approval for admission to commence trading on the Nasdaq First North Growth Market in Sweden. The first day of trading on Nasdaq First North Growth Market will be Friday, January 31, 2025. The Company's listing on the Toronto Stock Exchange and the Botswana Stock Exchange will not be affected by this transition. PDF Version

On December 20, 2024, Lucara announced that its Board of Directors had approved the transition of the listing venue of the Company's shares from Nasdaq Stockholm to Nasdaq First North Growth Market. Nasdaq Stockholm has approved both the Company's application to delist its shares from Nasdaq Stockholm as well as its application for admission to commence trading on the Nasdaq First North Growth Market.

VANCOUVER, BC, Dec. 31, 2024 /CNW/ - (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: BSE) PDF Version 

Lucara Diamond Corp. ("Lucara" or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act:

On December 31, 2024, the Company issued 675,000 common shares in accordance with its debenture as described in the Company's news release from November 15, 2023 (link to news release). The number of issued and outstanding shares of the Company has thus increased to 451,848,948 common shares with voting rights as at December 31, 2024.

VANCOUVER, BC, Dec. 31, 2024 /PRNewswire/ -- (TSX: LUC) (BSE: LUC) (Nasdaq Stockholm: BSE) PDF Version 

Lucara Diamond Corp. ("Lucara" or the "Company") reports the following in accordance with the Swedish Financial Instruments Trading Act:

On December 31, 2024, the Company issued 675,000 common shares in accordance with its debenture as described in the Company's news release from November 15, 2023 (link to news release). The number of issued and outstanding shares of the Company has thus increased to 451,848,948 common shares with voting rights as at December 31, 2024.