Lucara Diamond Corp T.LUC

Alternate Symbol(s): LUCRF

Metals & Mining Industrial Metals & Minerals

Lucara Diamond Corp. is a Canadian diamond mining company with a producing mine and exploration license in Botswana. It is an independent producer of large Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. The Karowe Mine is the focus of the Company's operations and development activities. Its 100% owned Karowe mine is a producer of large Type IIA diamonds, more than 10.8 carats, including the historic 1,758 Sewelo, the 1,109 carat Lesedi La Rona and the 813-carat Constellation.

TSX:LUC - Post by User

Lucara Diamond Corp

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Comment by puma1on Aug 10, 2018 8:52am

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Post# 28439441

RE:Scotia Update

good to see they get some comments out quickly; thx for posting

soxman wrote: Latest Research: 9 August 2018

OUR TAKE: LUC released a strong set of quarterly results and reiterated full year guidance. The results featured record special stone recoveries and plant throughput and beat virtually all of our key operating and financial estimates. LUC has continued to recover high volumes of large stones during 2018, which we believe bodes well for their chances of recovering more exceptionally high-value stones. LUC also announced that it will be transitioning to a new mining contractor during 2H/18, as the current contractor has struggled to perform up to expectations; we'll look for more details on the contractor transition on the conference call.

Reiterate: Sector Outperform
Target: $3.25