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Lucara Diamond Reports 2012 Results; Uncovers 239 Carat Diamond in Botswana

Lucara Diamond Corp. (LUC.TO)is up 3 cents (4.92%) to 64 cents late morning.

The company yesterday reported its fourth quarter 2012 results.

Revenue: US$29.1 million, $41.8 million for the fiscal 2012.

EBIDTA: US$12.9 million, (0.2 million) for fiscal 2012.

Basic EPS: US$0.02, ($0.02) for fiscal 2012.

The company also announced early this week that it had uncovered a 239 carat diamond from its Karowe Mine in Botswana. In addition to the recovery of this exceptional gem, two more large stones weighing 124.0 carats and 71.1 carats have also been recovered.

More than 521,000 shares have changed hands so far.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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