LUCRF - Lucara Diamond Corp. (LUCRF) Q4 2023 Earnings Call Transcript
2024-02-21 14:44:04 ET
Lucara Diamond Corp. (LUCRF)
Q4 2023 Earnings Conference Call
February 21, 2024, 9:00 AM ET
Company Participants
William Lamb - President and Chief Executive Officer
John Armstrong - Vice President, Technical Services
Glenn Kondo - Chief Financial Officer
Conference Call Participants
Raj Ray - BMO Capital Markets
Presentation
Operator
Good morning, ladies and gentlemen. My name is Sylvie and I will be your conference operator today. At this time, I would like to welcome everyone to the Lucara Diamond 2023 Year-End Results Conference Call and Webcast. [Operator Instructions] After the speaker's remarks, there will be a question and answer session. [Operator Instructions]
Mr. Lamb, you may begin your conference.
William Lamb
Thank you very much, Sylvie and everybody to the Lucara Diamond’s Q4 2023 results. This is actually our year-end call. Among the call with me, I have Glenn Kondo, the company CFO; and John Armstrong, our VP, Technical Services.
We'll just jump straight into it. First slide is obviously the cautionary statement. Please feel free to read through that at your leisure. Specifically looking at the year-end highlights. Obviously, there was an interesting year for the company. Total revenue was $177.4 million. This was in line with our revised guidance on the sale of 380 odds 1000 carats through the three sales mechanisms, which we have. Total cash flow at $63.4 million and operating costs at $28.75 a ton process. That's actually a really good number. Slightly higher than what we had last year, but in a Botswana inflationary environment, we benefited quite a bit on that one from exchange rates depreciation of the Pula against the US dollar.
I think the big highlights of the year is obviously the recovery of some very special stones. The 1080 now called the Eva Star, which was our fourth stone over 1,000 carats recovered since we started production. That came out in August of 2023. And we can touch on, I'm sure somebody will ask a question about that. It's currently being analyzed. We'll must really look to put a plan out for that stone sometime in 2024....
Lucara Diamond Corp. (LUCRF) Q4 2023 Earnings Call Transcript