Stock Information

Symbol LUC.TO
Last $2.98
Change -0.03
Volume 185,506
Day Open $3.00
Day High $3.00
Day Low $2.94
Year High $4.39
Year Low $2.62

LUC

TSX / Nasdaq Stockholm / Botswana Stock Exchange

2016 Highlights

q4
Financial and Operational Updates

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

The Company's year-end cash balance was $53.3 million (2015: $134.8 million). The decrease in cash during the year is primarily due to the Company's special and regular dividend payments of $149.7 million to its shareholders. The Company's $50 million credit facility remains undrawn.

During the year, the Company sold 358,806 carats for total revenues of $295.5 million (2015: $223.8 million) at an average sales price of $824 per carat (2015: $593 per carat). Excluding the sale of the 813 carat Constellation diamond, the 2016 average sales price was $649 per carat. The Company's focus on cost control resulted in a cost per tonne processed of $26.5 (Revised guidance $25.0-$28.0 per tonne - see table 5 and page 9 Non-IFRS measures).

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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
    382,246,001 shares
  • Options
    3,346,670
  • Incentive Share Units
    1,067,493
  • Fully Diluted
    386,660,164 shares
  • Shareholdings by insiders can be found on the following websites:
    Canada: www.sedi.ca
    Sweden: www.fi.se