Lucara Reports 2014 Performance, Declares Special Dividend

Lucara Diamond Corp. (TSX:LUC) announced a special dividend for its shareholders after it reported strong 2014 earnings.

As quoted in the press release:

Revenues: During the year the Company had sales totaling 412,136 carats for gross proceeds of $265.5 million at an average price of $644 per carat. The increase in revenues of 47% or $85.0 million compared to the prior year was due to higher prices received for the Karowe diamonds and a larger number of carats being sold in the large exceptional stones tenders, which contributed $135.6 million to revenues.

William Lamb, president and CEO of Lucara, stated:

We are very pleased that our second full year of operations saw us deliver on our major commitments to our shareholders through operational delivery which resulted in us selling over 412,000 carats for $266 million at an operating margin in excess of 80%.

Click here for the full Lucara Diamond (TSX:LUC) press release