R/€ = 16.27 Change: 0.01
R/$ = 14.39 Change: 0.01
Au 1238.58 $/oz Change: 0.51
Pt 783.50 $/oz Change: -9.03


Stornoway announces C$129m financing package

By: Creamer Media Reporter      3rd October 2018 Quebec diamond miner Stornoway has announced a series of financing transactions, totalling $129-million, with lenders and key stakeholders to provide greater financial and operational flexibility. The financing package is made up of a deferral of certain loan principal repayments for a 24-month... 

Stornoway posts Q2 loss; Renard ramp-up slower than planned

By: Mariaan Webb     15th August 2018 The share price of Quebec diamond miner Stornoway Diamonds took a beating on Tuesday, after the company unveiled a net loss of C$35.9-million for the second quarter and said that the ramp-up of its underground mine at Renard was slower than planned. Stornoway’s share price dipped to a 12-month... 

Stornoway says Renard set for higher processing, carat recoveries in H2

By: Mariaan Webb     6th July 2018 The Renard diamond mine, in Quebec, has fully transitioned to underground mining, its new ore sorting plant is operational and the mine is now set for higher processing rates, grades and carat recoveries in the second half of the year. The transition from openpit operations and the completion of... 

Operations to resume at Stornoway's Renard

By: Creamer Media Reporter      4th July 2018 Quebec diamond miner Stornoway Diamond Corp will remobilise its staff to the Renard mine and resume full operations on Wednesday, after rainfall and a shifting of prevailing winds have allowed wildfires to be contained. The company ceased operations on Monday as a safety precaution, after fires... 

Stornoway's lower Q1 output belies Renard's large diamond potential

By: Henry Lazenby     13th April 2018 Quebec’s sole diamond mine owner and operator Stornoway Diamond Corp has reported higher prices during the first quarter ended March 31 for diamonds produced from its Renard mine, which is increasingly showing a tendency to produce large diamonds. A stronger diamond market in general and the sale... 

Stornoway upbeat on possible solution to lower Renard diamond breakage

By: Henry Lazenby     2nd October 2017 Ongoing diamond breakage in the Renard process plant is reducing the proportion of larger diamonds available for sale and dimming revenue prospects for Quebec-focused miner Stornoway Diamond Corp, at a time when market sentiment for Renard’s precious gems is on the rise. However, president, CEO... 

Despite ongoing diamond breakage, Stornoway reports higher prices for its gems

By: Henry Lazenby     16th August 2017 Quebec-based miner Stornoway Diamond Corp has reported higher prices for rough diamonds produced at its flagship Renard mine, the Francophone province’s first diamond mine. For the three months ended June 30, Stornoway earned revenues of C$42.6-million, as rising rough diamond prices at Renard... 

Osisko clinches ‘transformational’ C$1.13bn deal with Orion Mine Finance Group

By: Henry Lazenby     6th June 2017 Intermediate precious metal royalty company Osisko Gold Royalties has sealed a “transformational” transaction with Orion Mine Finance Group to acquire a precious metals portfolio of assets comprising some 74 royalties, streams and precious metal offtakes for C$1.13-billion. Osisko says the... 

Quebec diamond miner Stornoway produces one-millionth carat

By: Henry Lazenby     17th May 2017 Quebec’s only diamond producer Stornoway Diamond Corp has produced its one-millionth carat from the Renard mine, alluding to a strong start to production in the current quarter. Desjardins Capital Markets analyst Michael Parkin said the market is still focused on the company’s ability to resolve... 

Stornoway reports better-than-expected 2016 output, confirms 2017 guidance

By: Henry Lazenby     7th February 2017 Gem miner Stornoway Diamond Corporation has reported significantly better-than-expected production results for 2016 on the back of completing construction of the Renard mine ahead of schedule and below budget. The Longueuil, Quebec-based company on Monday reported that the 448 887 ct of diamonds... 

Stornoway achieves commercial production at Renard

By: Henry Lazenby     23rd December 2016 Stornoway Diamond Corp has reached commercial production at its Renard mine, in Quebec, achieving the milestone well ahead of plan and comfortably within the revised lower C$775-million budget set out in February, the company said Thursday. Under the terms of Stornoway’s financing agreements, the... 

Stornoway bags first sales as Renard ramp-up continues

By: Henry Lazenby     24th November 2016 Quebec-based diamond producer Stornoway Diamond Corp has recorded first sales of precious gems from its Renard mine, raking in $7.6-million from the sale of 38 913 ct. Renard diamonds were sold at auction held between November 14 and 23 in Antwerp, Belgium, fetching on average $195/ct. 

Stornoway receives LNG in a first for Quebec’s Northern Plan

By: Henry Lazenby     17th June 2016 Stornoway Diamond Corp has received the first delivery of liquefied natural gas (LNG) to its Renard project, in Quebec’s far north, marking a significant milestone in the province’s Northern Plan to provide critical infrastructure for businesses to thrive in the province’s remote regions. The... 


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