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Lucara Diamond Corp., the Canadian Diamond Mining Company that Recovered the 1,109 Carat Diamond will Attend the GCFF Vancouver Conference 2018
Lucara Diamond Corp. (TSX/BSE/Nasdaq Stockholm:LUC), a Vancouver-based, dividend paying diamond mining company, will be presenting at the GCFF Vancouver Conference 2018. The company’s 100% owned Karowe Mine in Botswana is a large-scale asset that has consistently recovered large, high-value Type IIa gem-quality diamonds, including the World’s highest and second highest valued rough diamonds on record.

Company Highlights:

(All dollar amounts are in US dollars unless otherwise stated)

Operates the Karowe Mine in the politically stable diamond producing country of Botswana
353,974 carats recovered in 2016
Earnings per share were $0.19 per share for 2016
Stable dividend yield stock
Cash in hand $91.4M (2017 Q3 report) & Strong Cash flow Generation (Sales and marketing activities increasing, and low cost production at Karowe)


Highlights of Lucara’s Operating Outlook for 2018 (November 29, 2017 News Release): 

(All dollar amounts are in US dollars unless otherwise stated)

  • Revenue is forecast at $170 million to $200 million.
  • The Company anticipates it will declare an annual dividend in 2018 of Canadian $0.10 per share to be paid in four equal payments in the last month of each financial quarter.
  • Based on the positive results from the Preliminary Economic Assessment (“PEA”) for a potential underground mine at Karowe, the Company is continuing with a Pre-Feasibility Study (“PFS”) with an anticipated release in Q2, 2018.
  • The performance of the Company’s mining contractor has improved, and ore mined is forecast to increase to between 2.5 – 2.8 million tonnes in 2018 from 2017 forecast of between 1.4 – 1.6 million tonnes ore mined.

 

Click Here to view the full news release of Operating Outlook for 2018


Lucara Diamond Corp. (TSX:LUC)
www.lucaradiamond.com

William Lamb
President, CEO & Director

Mr. Lamb has over 23 years experience in mining and operations in Canada and several Southern African countries. His background includes operational and project management in the precious metals, coal, chrome and diamond sectors. Mr. Lamb spent 13 years with De Beers working across their operations in Southern Africa and Canada, focusing on heavy mineral concentration, project development and operational readiness. He joined Lucara Diamond Corp. in 2008 and was instrumental in the acquisition of the AK6 asset, now the Karowe Mine, which has been brought into production as one of the world’s most significant producers of large, high value gem-quality diamonds.

 

REGISTER NOW !

The GCFF Vancouver Conference 2018 will be focused on the upward trending resources sectors. Investors will hear from industry experts and promising companies about the newest opportunities in the Mining and Energy sectors.  Attendees will be able to:

  • Gain valuable insights about the latest developments and investment opportunities in the Mining and Energy sectors.
  • Network with company executives presenting at the conference and other like-minded individual investors and associations.
  • Access bilingual (English and Chinese) support throughout the conference including presentations and company fact sheets.

The conference is also featuring some undervalued opportunities in the recovering resource sector: Alopex Gold Inc. (TSXV: AEX), Aston Bay Holdings Ltd. (TSXV: BAY), Comstock Mining, Inc. (NYSE American: LODE), Fireweed Zinc Ltd. (TSXV: FWZ), Frontier Lithium Inc. (TSXV: FL), Globex Mining Enterprises Inc. (TSX: GMX), Group Eleven Resources (TSXV: ZNG), LSC Lithium Corp. (TSXV: LSC), Plateau Uranium Inc. (TSXV: PLU), Lucara Diamond Corp. (TSX: LUC), Regulus Resources (TSXV: REG).

For more information about the conference, including our agenda, please visit the official website www.gcff.ca/Vancouver/Jan2018.html or call us at 604.488.8878

 

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