Lucara Diamond Corp (LUC) Financings
TSX: LUC · Diamonds · Production stage
- Market cap$209.3M
- Share price$0.140
- 52-week range$0.130 – $0.345
- Shares outstanding1,494,887,183
- ExchangeTSX
- Websitelucaradiamond.com
Lucara is a leading independent producer of large exceptional quality Type IIa diamonds from its 100% owned Karowe Diamond Mine in Botswana. Karowe is the only diamond mine in the world to have recovered ten diamonds in excess of 1,000 carats in weight. The Karowe Mine has been in production since 2012 and is the focus of the Company's operations and development activities. Karowe is transitioning from open pit to underground mining with the development of the UGP. The UGP is designed to access the highest value portion of the Karowe orebody. Underground development ore from the UGP is scheduled to begin replacing unprocessed run-of-mine stockpiles in 2027, with full-scale underground production planned for the first half of 2028. Lucara has an experienced board and management team with extensive diamond development and operations expertise. Lucara and its subsidiaries operate transparently and in accordance with international best practices in the areas of sustainability, health and safety, environment, and community relations. Lucara is certified by the Responsible Jewellery Council, complies with the Kimberley Process, and has adopted the IFC Performance Standards and the World Bank Group's Environmental, Health and Safety Guidelines for Mining. The development of the UGP adheres to the Equator Principles. Lucara is committed to upholding high standards while striving to deliver long-term economic benefits to Botswana and the communities in which the Company operates.
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Lucara Diamond Corp financial statements
Key figures read from 38 of 39 financial statement filings, Nov 8, 2016 to Aug 7, 2026. Each column is the period as the company first filed it.
Balance sheet: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | US$31,920 | US$22,788 | US$13,337 | US$26,418 | US$27,011 |
| Total current assets | US$104,581* | US$89,217* | US$85,931* | US$100,339* | US$102,312* |
| Total current liabilities | US$71,016 | US$62,073 | US$102,496 | US$59,857 | US$51,805 |
| Working capital | US$33,565 | US$27,144 | (US$16,565) | US$40,482 | US$50,507 |
| Exploration and evaluation assets | US$597,166 | US$473,727 | US$287,245 | US$244,130 | US$157,578 |
| Property, plant and equipment | — | — | US$124,983 | US$88,239 | US$87,321 |
| Total assets | US$772,710 | US$660,833 | US$575,803 | US$495,839 | US$411,955 |
| Total liabilities | US$456,285 | US$389,104 | US$333,672 | US$225,778 | US$162,983 |
| Shareholders' equity | US$316,425 | US$271,729 | US$242,131 | US$270,061 | US$248,972 |
* Calculated from the statement's own lines: the company did not print this total with a label.
Income statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Revenue | US$159,663 | US$203,876 | US$177,371 | US$212,934 | US$230,078 |
| Exploration and evaluation expense | — | — | US$1,244 | US$835 | — |
| Impairments and write-downs | — | — | US$11,200 | — | — |
| Net income (loss) | US$26,115 | US$39,904 | (US$20,191) | US$40,434 | US$23,827 |
Cash flow statement: annual key figures
US dollars (US$), in thousands, figures as printed in the statements. Losses and cash outflows are in brackets.
| FY Dec 2025 | FY Dec 2024 | FY Dec 2023 | FY Dec 2022 | FY Dec 2021 | |
|---|---|---|---|---|---|
| Operating cash flow | US$54,044 | US$59,646 | US$63,357* | US$96,233* | US$83,390* |
| Investing cash flow | (US$101,848) | (US$94,292) | (US$115,794)* | (US$125,421)* | (US$97,541)* |
| Financing cash flow | US$56,537 | US$47,769 | US$39,661* | US$29,139* | US$36,795* |
| Exploration spending (capitalized) | (US$101,499) | (US$95,010) | (US$101,318) | (US$106,339) | (US$82,251) |
| Property, plant and equipment spending | — | — | (US$14,364) | (US$18,992) | (US$15,252) |
| Change in cash | US$9,132 | US$9,451 | (US$13,081) | (US$593) | US$22,095 |
| Cash at end of period | US$31,920 | US$22,788 | US$13,337 | US$26,418 | US$27,011 |
* Calculated from the statement's own lines: the company did not print this total with a label.
No financings are on record for Lucara Diamond Corp yet.
Lucara Diamond Corp debt and credit facilities
Convertible debentures and notes, loans, credit facilities, bonds, gold loans and prepayments Lucara Diamond Corp has announced, read by Mining News Terminal. A debt reported in several releases is listed once, at its latest stage.
| Date | Debt | Lender | Amount | Terms |
|---|---|---|---|---|
| 2026-03-30 | Credit facility, repaid / settled | — | US$350M | 12.5% |
| 2023-12-29 | Loan, drawdown | — | C$170M | — |
| 2021-09-08 | Loan, closed / funded | — | US$170M | — |