CA - Lucara Diamond GAAP EPS of $0.02 revenue of $56.9M; updates FY23 outlook

2023-11-13 04:19:38 ET

• Lucara Diamond press release ( OTCPK:LUCRF ): Q3 GAAP EPS of $0.02.
• Revenue of $56.9M (+14.0% Y/Y).
• Adjusted EBITDA was $21.9 million (Q3 2022: $13.8 million).
• Cash flow generated from operating activities was $15.9 million.
• Changes were made to 2023 guidance for revenue, diamond sales, ore and waste tonnes mined, and total operating cash costs per tonne processed.
• Diamond revenue (millions): $160 to $190; Diamond sales (thousands of carats) of 365 to 385.
• In 2023, capital costs expectations for the underground expansion remain at $105 million. Sustaining capital and project expenditures may be up to $16 million in 2023, previously up to $20 million.

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