Christmas came early for Lucara CEO William Lamb, and it took the shape of a near-tennis-ball-sized diamond that captured the world’s imagination and the market’s attention. Lucara shares surged 49 cents, or 30.43%, to a close of $2.10 on heavy trading Thursday on the Toronto Stock Exchange, adding about $200 million to the company’s market… Continue Reading
Canadian miner Lucara finds 1,111-carat diamond – believed to be second-largest ever A Canadian mining company has recovered a diamond for the ages. The astounding stone has no precedent in the past century and will command a massive price at auction. The only question is how high it will go. I’m still waking up at… Continue Reading
Rick Rule on BNN Market Call (November 12, 2015) Rick Rule, chairman of Sprott Global, made an appearance on BNN Market Call last night discussing precious metals stocks. BNN host Catherine Murray sat in for regular host Mark Bunting. Rule said that weak global demand is the cause of the price slide in many commodities. For investors with… Continue Reading
Lucara Diamond Corp’s (TSX: LUC) third quarter results, released on November 5th, showed a strong average price-per-carat sold in the period, primarily driven by the previously released results from the first “exceptional” diamond sale of the year (those estimated to sell for at least $1 million) and a overall greater recovery of higher-value stones in… Continue Reading
It’s been a busy week at CEO.CA and we wanted to share some of the highlights in case you were too busy to stop by as often as you would have liked. There are high-quality projects being advanced and value is being created, even if it’s unrecognized in these markets. Enjoy your weekend and stop… Continue Reading
There hasn’t been much from the miners or E&P’s to get excited about this year. One exception (there are always exceptions) is Lucara Diamond (LUC.TSX). Not surprisingly it’s a Lundin Group company. Shares of Lucara are up 40% year-to-date, but even that return doesn’t reflect the true state of their operations. After the market closed today the company released its Q3 results… Continue Reading
Lukas Lundin’s Lucara Diamond (LUC:TSX) has been one of the best performing natural resource stocks this year. Shares are up nearly 150% from this time last year on the back of their Karowe mine in Botswana continuing to produce a seemingly endless supply of exceptionally large and high-quality diamonds. In late August, Lucara announced the dates… Continue Reading
The diamond sector has been ignored for over a decade, following a slew of major diamond discoveries in the last cycle including Ekati and Diavik which made prospectors and investors involved in those finds wildly wealthy. Today, the landscape is improving for diamond exploration, especially in the Canadian Arctic. However, there are still only a handful willing… Continue Reading
This morning, Dundee Capital Markets’ equity research team initiated formal coverage on Lukas Lundin’s Lucara Diamond (LUC:TSX) and put a buy rating with a $3.00 target price on it (approximately 10% higher than the last trade of $2.73). Yesterday, outperforming Lucara announced the sales figures from its second exceptional stone tender of 2014 and fifth… Continue Reading
With all of the well-deserved attention of late on Lukas Lundin’s Lucara Diamond (LUC:TSX) due to their outperforming share price (continuing to hit all-time highs), the natural question would be; should they use their stock to grow? My answer is, unequivocally, yes. There are limited opportunities in the diamond space as discovering and mining diamonds is… Continue Reading
Shares in Lucara Diamond Corp. surged nearly 5% today following positive coverage from Norwegian investment firm Pareto Securities, which has a significant following in the shipping and energy sectors. Shares in the Toronto Stock Exchange listed Lucara, which operates the Karowe diamond mine and Mothae development projects, both in Botswana, Southern Africa, reached $2.48 intraday,… Continue Reading
Lucara shares are trading at all-time highs, approaching $2.00/share (up over 184% in the past 12 months)! After officially becoming the only Lundin Group dividend payer, Lucara Diamond (LUC:TSX) announced they have recovered an astounding 13 diamonds that are larger than 100 carats each, including 2 that exceeded 200 carats each (the five largest gem-quality… Continue Reading
Lukas Lundin’s Lucara Diamond (LUC:TSX) announced its first exceptional stone tender of 2014 after the market closed yesterday and it shattered expectations. The first exceptional stone tender was comprised of 20 diamonds totalling 1,191 carats which were sold for $50.5 million ($42,347/carat). Last year’s average per carat value of their exceptional stone tenders was roughly… Continue Reading
From March 25th to March 28th in Gaborone, Botswana Lucara Diamond (LUC:TSX) will begin their first exceptional stone tender of 2014 which is expected to be the best sale of diamonds yet. The company has a number of large and rare stones on the block in this tender with the largest, Lot 401 expected to generate… Continue Reading
LUC data by YCharts Lucara Diamond (LUC:TSX), announced this morning that its Board has approved a $0.02 per share semi-annual cash dividend. This move is the first for the Lundin Group of Companies and highlights the stability of the Karowe mine’s diamond production. The $0.02 dividend is to be declared in May with payment in June. … Continue Reading
