trending Market Intelligence /marketintelligence/en/news-insights/trending/NBlTTJYEgrZkoK-JWHnp-A2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Lucara Diamond beats FY'19 revenue guidance on improved market pricing

COVID19 Mining Impacts Mining Projects With At Risk Production

Mining Insights Newsletter June 2020

A Decade of Underperformance for Gold Discoveries

State of the Market: Mining Q1-2020


Lucara Diamond beats FY'19 revenue guidance on improved market pricing

British Columbia-based Lucara Diamond Corp. beat its full-year revenue guidance after taking US$52.9 million in its final diamond tender of 2019, 16% higher than expected.

The December tender brought the company's 2019 revenue to US$192.5 million, exceeding the guidance range of US$170 million to US$180 million.

The company said Dec. 18 that in the year's final tender, it sold diamonds at an average price of US$468 per carat, with 30 diamonds sold for more than US$1 million each.

Meanwhile, the company approved a budget of up to US$53 million for preparatory work at a proposed underground mine at the Karowe diamond operation in Botswana. An investment decision is expected in the second half of 2020.

A feasibility study on the Karowe underground project outlined a posttax net present value of US$388 million, discounted at 5%, with an internal rate of return of 16% and a payback period of 2.4 years.

Lucara's expectation that diamond prices will continue to improve over the next 12 to 24 months "bodes well, not only for our current open pit operations, but also supports our plans for underground expansion to extend Karowe's mine-life to at least 2040, with the potential to generate an additional US$4 billion in revenue," CEO Eira Thomas said.