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December 5, 2012
17:05 EDTLUCLukens says 2013 diamond sales expected to increase 75%
Lucara Diamond provides operating performance guidance for 2013. Key operational highlights are as follows: Karowe Mine is projected to process 2.5M tonnes and the company is forecasting diamond sales of 400,000 carats in 2013, an increase of almost 75% compared to 2012. Eight sales are planned for the year with viewings in both Gaborone and Antwerp; Karowe operating cash costs are expected to be in the order of $23 per tonne treated, in-line with feasibility projections; waste will be stripped to access ore in the Centre and South Lobes. Later in the year waste stripping will also provide access to deeper ore benches in the North Lobe; capital expenditures for 2013 are expected to be approximately $3M and reflect ongoing sustaining operational capital. "By the end of the first year of production Lucara will have sold over 230,000 carats of diamond, including a rare 9.46 carat blue diamond which achieved a record price of over $477,000 per carat. We are focused on continuing to build on the operational performance achieved in 2012 with sales expected to increase by almost 75% in 2013 and operating costs targets in-line with the company's feasibility study," the company said.
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