Stornoway Diamond Corp. announces the resignation of Mr. John Hadjigeorgiou as a director of the Corporation effective as of today. It is with regret that Mr. Hadjigeorgiou concluded that professional commitments prior to his appointment to the Board of Directors of the Corporation would not allow him to meet the extraordinary, short-term and unexpected investment of time required by each of the Corporation’s Board [...]
Stornoway Diamond Corp. announces the results of the vote at its annual general meeting of shareholders held on May 14, 2019 in Montréal, Québec. Each of the director nominees proposed by management was elected to the Board of Directors, without a vote by ballot being conducted. Stornoway received proxies with regards to voting on the eight directors nominated for election as set forth below: NOMINEE VOTES [...]
Stornoway Diamond Corp. reports its financial and operating results for the quarter ended March 31, 2019. QUARTER ENDED MARCH 31, 2019 HIGHLIGHTS: For the three months ended March 31, 2019, the Corporation reported a net loss of $48.4 million per share on a basic and fully diluted basis). Adjusted net loss1 for the first quarter was $51.0 million per share basic and fully diluted). For the first quarter, the Corporation [...]
Stornoway Diamond Corp. is proud to announce that the Renard Mine rescue team composed of Danny Bérubé, Mathieu Dresdell, Raphaël Duchesne, Simon Gélinas, François Gilbert, Guillaume Lemay, Rachel Major, Adam Paquet and Patrick Tremblay led by Yannick Savard, emergency coordinator, won all awards at the 57th Québec Provincial Mine Rescue Competition. The competition took place [...]
Stornoway Diamond Corp. expects to release its First Quarter 2019 financial results after market close on May 13, 2019 and will host a conference call for analysts and investors on May 14, 2019 at 8:30am EDT. A webcast of the conference call will also be available. The details for the call and the webcast are: Toll Free: 215-3287 International: 905-5939 Conference ID: 6414099 Webcast Link [...]
Orion Mine Finance announced today that Orion Co-Investments I LLC entered into a sale agreement for the disposition of 90,000,000 common shares of Stornoway Diamond Corp. for aggregate consideration of $3,600,000 or $0.04 per Common Share. After the transaction, Orion, through Orion Equity Co-Invest, owns 22,083,596 Common Shares. In addition, Orion, through Orion Co-Investments I (Convert) LLC, another entity managed by [...]
Stornoway Diamond Corp. announces the appointment of Mr. Dino Rambidis as Chief Financial Officer of Stornoway, effective immediately, replacing Mr. Orin Baranowsky, who has decided to step down from his current role. Mr. Baranowsky will remain with the company up to the end of May 2019 to ensure an orderly transition and will provide support to Mr. Rambidis. In addition, Stornoway is pleased to also announce the [...]
The Renard Mine continues in operation Stornoway Diamond Corp. is providing clarification regarding recent media articles, stating that its Renard Mine continues to operate. The Corporation did not announce the closure of its Renard Mine, but only the temporary suspension of open pit mining operations at its Renard 65 ore body, one of the 3 ore bodies currently in operation at the Renard Mine, and the only ore body [...]
Stornoway Diamond Corp. announces production and sales results at the Renard Diamond Mine for the quarter ended March 31, 2019. Highlights are as follows: Underground ore tonnes hauled to surface. 429,506 total carats sold in two tender sales for gross proceeds1 of $47 million2 at an average price of US$83 per carat . In terms of total carats sold, pricing and gross proceeds, this represents increases of 38%, 8% and 47 [...]
Stornoway Diamond Corp. is pleased to report financial and operating results for the quarter and year ended December 31, 2018. 31, 2018 HIGHLIGHTS: For the year ended December 31, 2018, Stornoway reported Net loss $329.4 million per share on a basic and fully diluted basis), compared to Net loss of $114.2 million in 2017 per share basic and fully diluted). Included in 2018 results is a non‐cash impairment charge of $83.2 [...]
Stornoway Diamond Corp. expects to release its Fourth Quarter and year end 2018 results prior to market open on March 28, 2019 and will host a conference call for analysts and investors on the same day at 11:00am EDT. A webcast of the conference call will also be available. The details for the call and the webcast are: Toll Free: 215-3287 International: 905-5939 Conference ID: 6795086 Webcast Link [...]
Stornoway Diamond Corp. is pleased to announce the appointment of Mr. Patrick Sévigny to the position of Vice President, Operations, effective immediately. With more than 25 years of experience in the mining sector, Mr. Sévigny holds a Bachelor’s degree in mining engineering. He joined Stornoway in January 2015 in the role of Manager - Mining Operations at the Renard Mine. In this role, Mr [...]
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