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News Focus
Silver North Intersects 1.83 metres True Width of 1,088 g/t Silver, 3.90 g/t Gold (click to learn more)
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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 AndersSon Oct 24, 2020 6:26am
314 Views
Post# 31776075

RE:RE:RE:Q3 Revenue Estimate of 55 MUSD

RE:RE:RE:Q3 Revenue Estimate of 55 MUSD
My previous statement was how revenue is recognized in general.
To be more specific, this is from Lucara's annual report 2019 (from section SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES):
 
(s) Revenue recognition
Revenues from diamond sales are recognized when the purchaser obtains control of the diamond. Control is achieved when proceeds are received and title is transferred to the purchaser according to contract terms.
 
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