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Lucara Diamond (TSE:LUC)
:LUC
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.01Last Year’s EPS
-0.1Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: -13.04%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted strong operational performance and progress in underground development, but was marred by lower recovery of specials and increased net loss due to transaction costs. There is anticipation of improved cash flows in the latter half of the year.Company Guidance
During the Lucara Diamond earnings call for Q1 2024, key metrics and guidance were discussed. The company reported $41 million in diamond sales, with 93,500 carats sold across the HB agreement, Clara, and regular tenders. The operating margin was noted at 51%, with operating costs at $26 per ton processed, reflecting strong cost control. A total of 160 specials over 10.8 carats were recovered, although this 5.1% recovery rate was below the expected 6.8% for mining in the South Lobe. The underground project is progressing well, with $140 million drawn from the project loan and $25 million from the working capital facility. Net loss increased by $9 million, primarily due to transaction costs from a rebased loan agreement. Despite lower volumes of larger stones affecting cash flow, an uplift is anticipated in H2 2024. Revenue guidance remains at $220 million to $250 million, with ongoing efforts to meet operational targets and sustain community-focused initiatives in Botswana.Strong Operating Margin and Cost Control
Operating margin of 51% with operating costs at $26 per ton processed, which is better than guidance.
Progress in Underground Development
Significant progress in underground development with ventilation shaft reaching 500 meters and production shaft at 525 meters, ahead of the revised schedule.
Clara Platform Performance
Clara platform generated $109 million with a 15% uplift on tender basis, with 33% of diamonds sold from third-party sources.
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TSE:LUC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:LUC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 14, 2024 | C$0.46 | C$0.42 | -8.70% |
| Aug 09, 2024 | C$0.30 | C$0.32 | +6.67% |
| May 10, 2024 | C$0.36 | C$0.36 | 0.00% |
| Feb 20, 2024 | C$0.39 | C$0.38 | -2.56% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Lucara Diamond (TSE:LUC) report earnings?
Lucara Diamond (TSE:LUC) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is Lucara Diamond (TSE:LUC) earnings time?
Lucara Diamond (TSE:LUC) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:LUC EPS forecast?
TSE:LUC EPS forecast for the fiscal quarter 2024 (Q4) is 0.01.
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