Stock Information

Symbol LUC.TO
Last $2.66
Change 0.04
Volume 37,619
Day Open $2.62
Day High $2.66
Day Low $2.62
Year High $4.39
Year Low $2.60

LUC

TSX / Nasdaq Stockholm / Botswana Stock Exchange

2017 Highlights

q1
Financial and Operational Updates

(All amounts are expressed in U.S. dollars unless otherwise indicated)

HIGHLIGHTS:

Financial:

  • Revenue was $26.1 million or $405 per carat (Q1 2016: $50.6 million and $649 per carat)
  • EBITDA was $4.9 million for the period (Q1 2016: $30.7 million)
  • Q1 cash position of $43.5 million (FY 2016: $53.3 million)
  • Operating costs were $19.9 per tonne processed (Q1 2016: $25.3 per tonne)
  • Earnings per share for the quarter was nil (Q1 2016: $0.05 earnings per share)
  • Revenue, EBITDA and earnings per share performance were as expected and reflect the overall timing of the Company's sales tenders, with a single tender held during the first quarter. The Company maintains its 2017 revenue forecast of $200-$220 million, with 80% of its revenue forecast from the Company's exceptional stone tenders and the sale of specials (>10.8 carats) in its regular tenders. The Company has consistently recovered these specials (>10.8 carats) and there remains strong demand for these diamonds.
  • The Company announced its 11th Exceptional Stone Tender ('EST') to close on May 11th. The tender includes 15 diamonds weighing 1,765 carats for an average of 117 carats per stone with six of the offered diamonds weighing in excess of 100 carats.
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Financial Reports

Mission Statement

To build a leading African-focused diamond production and development company.

Values

  • A healthy and safe work environment
  • Entrepreneurial spirit
  • Creation of shareholder value
  • Create positive economic and social impact on local communities where we operate
  • Focus on larger-scale advanced diamond projects
  • Seek value opportunities
  • Contribute to the Lundin Group's history of success and excellence in wealth creation for all stakeholders

Financial Calendar

  • Quarter
    Period End
    Reporting Date
  • Annual
    Dec 31, 2016
    Feb 16, 2017
  • Q1
    Mar 31, 2017
    May 02, 2017
  • Q2
    Jun 30, 2017
    Aug 03, 2017
  • Q3
    Sep 30, 2017
    Nov 02, 2017

Share Capital

  • Issued and Outstanding
    382,569,334 shares
  • Options Granted
    3,883,337
  • Share Units Outstanding
    1,374,027
  • Fully Diluted
    387,826,698 shares
  • Shareholdings by insiders can be found on the following websites:
    Canada: www.sedi.ca
    Sweden: www.fi.se