RE: RE: RE: Insiders buying Translated:
Lucara Diamond Published: 2013-05-28 08:36 Lucara DIAMOND: Lukas Lundin has bought 100,000 shares in the mining company Lucara Diamond, where he is chairman. The purchases were made on 24 and 27 May Lukas Lundin has also been awarded 200,000 stock options in the company. According to the Canadian transparency list Canadian Insider. Diamond producer Lucara Diamond raises its forecast for sales in 2013 to about 118 million. The previous forecast was a sale of 90 million dollars. According to a press release. Karowegruvan is now expected to produce 2.5 million tonnes and Lucara Diamond anticipates that diamond sales amounted to 420,000 carats in 2013, an increase of 5 percent from the previous forecast. Five sales are planned for the remainder of the year, excluding the possibility of a bidding on a second larger stone. Capital expenditure, capex for 2013 is now expected to be approximately $ 5,000,000, up from previous guidance of capex at $ 3 million. The Company reiterates that while Karowes operating costs are expected to be around $ 23 per treated ton, which is in line with the company's previous forecast. Cash flows from Lucara Diamonds sales early in the year will result in the company to repay loans of 33.3 million by the end of the year, it is said in the press release.