Lucara Diamond reported that its revenue for 2016 was $ 295.5 million, or $ 824 per carat compared with $ 223.8 million, or $ 593 per carat a year earlier.
Lucara Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to $ 185.4 million compared with $ 133.9 million in the previous year.
Also, the company's cash amounted to $ 53.3 million in 2016 versus $ 134.8 million a year earlier, after the payment of dividends in the amount of $ 149.7 million.
"The company achieved record sales in 2016: we have demonstrated our commitment to continuous and stable profit for our shareholders and the strength of our balance sheet by paying special dividends during 2016 we also continued to expand the opportunities for growth in Botswana "-. said CEO Lucara Uilyam Lemb (William Lamb).
"We remain focused on operating the mine cars (Karowe) and intend to increase operational efficiency and safety performance in our new partnership with the contractor", - he added.
According to him, the company's capital projects to increase diamond production will be completed in 2017, allowing maximization of the production of the stones from the southern share of the project, which has a high content of diamonds.
"We remain excited about our work to expand the resource potential of the cars through our program of deep drilling and advanced exploration in Botvane" - continues to Lamb.
Processing of ore cars to exceed predicted value and reached 2.6 million tons, bringing a total of 353 974 carats that corresponds projected added Lucara.
The company also noted that the exploration program is a well-developed project-BK02 and AK11. She will complete the publication of the results for the current year.
Drilling on the AK13 and AK14 will begin this year, while the drilling program to test kimberlite AK06 to a depth below 400 m on cars will be completed this month.
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