Stornoway Diamond Corp.

Stornoway Diamond Corp. is pleased to provide production and sales results at the Renard Diamond Mine for the quarter and year ended December 31, 2018. Highlights are as follows: Figure Underground Ore Tonnes Hauled to Surface Fourth quarter diamond production of 485,616 carats recovered from the processing of 605,960 tonnes of ore at an attributable grade of 80 carats per hundred tonnes . Grade and carat recoveries [...]

Stornoway Diamond Corp. is pleased to announce that the remaining tranches of financing announced on October 2, 2018 have now been completed or approved for completion. These are: A $10 million private placement with Ressources Québec inc. , acting as agent for the Government of Québec, was completed on December 7, 2018. RQ subscribed for 28,571,428 units at a price of $0.35 per unit, each unit comprising [...]

LONGUEUIL, Québec, Nov. 14, 2018 -- Stornoway Diamond Corp. announces that, effective January 1, 2019, Mr. Matt Manson will step down as President and CEO of the Corporation and will be succeeded by Mr. Patrick Godin. Mr. Godin is currently the Corporation’s Chief Operating Officer, and has served in this role since 2010. So as to achieve an orderly transition in 2019, Mr. Manson will provide support to Mr [...]

Stornoway Diamond Corp. is pleased to report financial and operating results for the quarter ended September 30, 2018. QUARTER ENDED SEPTEMBER 30, 2018 HIGHLIGHTS: For the three months ended September 30, 2018, Stornoway reported a net loss of $37.6 million . Adjusted net loss1 for the quarter was $31.7 million. During the quarter, two tender sales totalling 184,620 carats were completed for gross proceeds2 of $24.8 [...]

Stornoway Diamond Corp. is pleased to provide an update on recent resource development activities on the Renard 3 and Renard 4 kimberlites at the Renard Diamond Mine. Since earlier this year, Stornoway has been conducting a program of drilling and sampling at Renard with the goal of converting certain Mineral Resources to Mineral Reserves, and of accelerating the mining of both the Renard 3 and Renard 4 ore bodies in the [...]

Stornoway Diamond Corp. expects to release its Third Quarter 2018 results prior to market open on November 14, 2018 and will host a conference call for analysts and investors on November 14, 2018 at 11 a.m. EST. 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: 8380317 Webcast Link [...]

Stornoway Diamond Corp. is pleased to provide production and sales results at the Renard Diamond Mine for the quarter ended September 30, 2018. Highlights are as follows: Real pricing index for Renard diamonds at sale. Represents “like versus like” pricing on run of mine production, normalized for monthly changes in mix. 184,620 carats sold in two tender sales for gross proceeds1 of $24.7 million2 at an [...]

Strengthens Balance Sheet and Provides Greater Operational Flexibility Stornoway Diamond Corp. is pleased to announce the entering into a series of financing transactions with lenders and key stakeholders designed to provide the Corporation greater financial and operational flexibility . In total, the Financing Package represents additional consideration and liquidity for the Corporation of up to $129 million by way of [...]

LONGUEUIL, Québec, Sept. 04, 2018 -- Stornoway Diamond Corp. is pleased to report that it has achieved sustained underground mine production at the Renard Diamond Mine at or above the mine’s design capacity. This marks the completion of the production ramp-up of the underground mine. Over a 20-day period ending August 29, 2018, ore mucked and trucked to surface averaged 6,039 tonnes per day against a budgeted [...]

Stornoway Diamond Corp. is pleased to report financial and operating results for the quarter ended June 30, 2018. QUARTER ENDED JUNE 30, 2018 HIGHLIGHTS: For the three months ended June 30, 2018, Stornoway reported a net loss of $35.9 million . Adjusted net loss1 for the quarter was $31.3 million. During the quarter, two tender sales totalling 201,283 carats were completed for gross proceeds2 of $28.6 million3 at an [...]