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BRIEF-Lucapa Diamond Posts Quarterly Combined Gross Sales From Mothae & Lulo Operations Of US$16.8 Mln

Published 30/01/2020, 12:26 pm
BRIEF-Lucapa Diamond Posts Quarterly Combined Gross Sales From Mothae & Lulo Operations Of US$16.8 Mln
LOM
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Jan 30 (Reuters) - Lucapa Diamond Co Ltd LOM.AX :

* A TOTAL OF 11,888 CARATS OF MOTHAE DIAMONDS WERE SOLD AT TENDER DURING QUARTER FOR GROSS SALE PROCEEDS OF US$7.1M

* QUARTERLY PRODUCTION OF 9,834 CARATS FROM NEW MOTHAE KIMBERLITE MINE

* QUARTERLY COMBINED GROSS SALES FROM MOTHAE AND LULO OPERATIONS OF US$16.8M

* QTRLY PRODUCTION OF 14,004 CARATS OF DIAMONDS FROM THE MOTHAE AND LULO OPERATIONS

* PRODUCTION AT LULO DURING QUARTER DISRUPTED BY NEAR RECORD RAINFALL

* CONTINUES TO REVIEW REFINANCING PROPOSALS TO REDUCE THE COSTS OF THE CO'S EXISTING DEBT FACILITIES

* COMPLETED SALE OF 8,198 CARATS OF RUN OF MINE LULO DIAMONDS DURING QUARTER FOR GROSS REVENUES OF US$9.7M

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