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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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