Lucara Diamond Corp. ("Lucara" or the "Company") today reports its results for the first quarter of 2021 ending March 31, 2021, with strong financial and operational performance.
HIGHLIGHTS: · Revenue of $53.1 million or $579 per carat sold in Q1 2021, 56% higher than Q1 2020. This includes diamonds sold through a combination of regular tenders, Clara, and through HB Antwerp ("HB") under the supply agreement announced in July 2020. · Q1 2021 total operating cash costs of $29.24 per tonne processed (1), 7% lower than Q1 2020. · Adjusted EBITDA (1) in Q1 2021 of $22.2 million, marking a return to higher levels of operating margin. · Extension of the Karowe mining license for a period of 25 years to 2046, marking a critical step in the advancement of the Karowe underground expansion project.