BRIEF-Lucara Diamond Corp Says 0.71 Million Tonnes Of Ore Processed In Quarter

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BRIEF-Lucara Diamond Corp Says 0.71 Million Tonnes Of Ore Processed In Quarter

posted on Aug 08, 2019 07:32PM

2019-08-08 06:55:38 PM ET (Reuters)

Aug 8 (Reuters) - Lucara Diamond Corp:

* LUCARA ANNOUNCES Q2 2019 RESULTS

* LUCARA DIAMOND CORP - 0.71 MILLION TONNES OF ORE PROCESSED IN QUARTER

* LUCARA DIAMOND CORP - CARATS RECOVERED OF 109,312 IN QUARTER

* LUCARA DIAMOND CORP - 10 DIAMONDS WERE RECOVERED GREATER THAN 100 CARATS IN WEIGHT IN QUARTER

* LUCARA DIAMOND CORP - DURING Q2 2019, REVENUE RECOGNIZED TOTALLED $42.5 MILLION (Q2 2018: $64.5 MILLION) OR $417 PER CARAT (Q2 2018: $856 PER CARAT)

* LUCARA DIAMOND CORP - ANNUAL CARAT RECOVERIES ARE EXPECTED TO INCREASE TO 375,000 - 420,000 CARATS AND CARATS SOLD TO 375,000 - 420,000 CARATS IN 2019

* LUCARA DIAMOND CORP - SEES ORE TONNES MINED BETWEEN 3.0 TO 3.4 MILLION TONNES IN 2019

* LUCARA DIAMOND CORP - COST AND REVENUE GUIDANCE ARE ON TRACK FOR 2019 Source text for Eikon: Further company coverage:

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