Third Quarter Results Reported by Lucara Diamond Corp.

Company News

Lucara Diamond (TSX:LUC) announced its third quarter 2012 results.

Lucara Diamond (TSX:LUC) announced its third quarter 2012 results.

As quoted in the press release:

Lucara completed two diamond sales at Karowe totalling 88,579 carats during the third quarter resulting in proceeds of $19.9 million. The company declared commercial production at Karowe as at July 1, 2012 and successfully achieved design throughput by August. At Mothae, a September sale of 4,657 carats resulted in proceeds of $1.5 million. The trial mining program was completed in September and work advanced on its preliminary economic assessment due to be completed during the first quarter of 2013.

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