Lucara Diamond Corp (TSX:LUC)
C$ 0.53 -0.02 (-3.64%) Market Cap: 248.15 Mil Enterprise Value: 482.48 Mil PE Ratio: 0 PB Ratio: 0.73 GF Score: 56/100

Q3 2023 Lucara Diamond Corp Earnings Call Transcript

Nov 13, 2023 / 03:00PM GMT
Release Date Price: C$0.34 (-1.45%)
Operator

My name is Ena, and I will be your conference operator today. At this time, I would like to welcome everyone to the Lucara Diamond Q3 2023 results conference call. All lines have been placed on mute to prevent any background noise. (Operator Instructions). Thank you.

Mr. William Lamb, you may begin your conference.

William Lamb
- President, CEO & Director

Thank you, Ena, and thank you, everybody. Welcome to the Lucara Diamond Q3 2023 results conference call. We will be making some forward-looking statements during this. So I would like you to at your own leisure review slide 2.

On the call with me, I have Zara Boldt, the current CFO; and John Armstrong as well. Thank you Zara.

A brief overview of the 2023 Q3 highlights. We had revenues of $56.9 million, which resulted in an adjusted EBITDA of $21.9 million. Cash flows were actually really good at $15.9 million. For the quarter with an operating cost of $28.62 per tonne processed, which we will see later is well below the guidance, which we actually had for the year.

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