LONGUEUIL, Quebec, July 06, 2018 -- Stornoway Diamond Corp. is pleased to provide production and sales results at the Renard Diamond Mine for the second quarter ended June 30, 2018. Highlights are as follows: 201,283 carats sold in two tender sales for gross proceeds1 of $28.6 million2 at an average price of US$109 per carat . Second quarter diamond production was 223,351 carats produced from the processing of 562,060 [...]
LONGUEUIL, Quebec, July 03, 2018 -- Stornoway Diamond Corp. is pleased to announce that it expects to commence remobilization of staff to the Renard Mine, beginning tomorrow morning, July 4, 2018. Over the last 48 hours, rainfall and a shifting of the prevailing winds have allowed the principal fires south of the Clarence and Abel Swallow Airport to be contained, allowing for the safe transit of mine staff to the Renard [...]
LONGUEUIL, Québec, July 02, 2018 -- Stornoway Diamond Corp. announces that mine operations at the Renard Diamond Mine have been temporarily suspended due to a local forest fire. As at 06.30h EST on Monday, the fire was located 12.6 kilometres south of the Renard Mine, but just 3.6 kilometres south of the Clarence and Abel Swallow Airport and within 0.1 kilometre of the mine’s access road. It covers an area of [...]
LONGUEUIL, Quebec, June 13, 2018 -- Stornoway Diamond Corp. is pleased to announce the appointment of Michele S. Darling to the Corporation’s Board of Directors. Ms. Darling has over thirty years of global business experience with particular expertise in Human Resources Management and Corporate Governance. Prior to establishing her management consulting practice, Michele Darling and Associates Inc., Ms. Darling [...]
LONGUEUIL, Québec, May 22, 2018 -- Stornoway Diamond Corp. is proud to announce that the Renard Mine Rescue team comprising David Langlois, Adam Paquet, Danny Bérubé, François Gilbert, Guillaume Lemay, Patrick Tremblay, Raphaël Duchesne, Simon Gélinas, Steve Veillette and Yannick Savard was the overall winner at the 56th Quebec Provincial Mine Rescue Competition that took place [...]
LONGUEUIL, Quebec, May 16, 2018 -- Stornoway Diamond Corp. is pleased to announce the results of the vote at its annual general meeting of shareholders held on May 15, 2018 in Montréal, Québec. Each of the director nominees proposed by management for election was elected to the Board of Directors, without a vote by ballot being conducted. Stornoway received proxies with regard to voting on the eight [...]
LONGUEUIL, Quebec, May 15, 2018 -- Stornoway Diamond Corp. ; is pleased to report financial and operating results for the quarter ended March 31, 2018. Revenues and financing expenses quoted herein reflect the initial application of IFRS 15, Revenue from Contracts with Customers, effective as of January 1, 2018. During the quarter, the Corporation also adopted IFRS 9, Financial Instruments. See “New Accounting [...]
LONGUEUIL, Quebec, May 01, 2018 -- Stornoway Diamond Corp. will host its Annual General Meeting of shareholders on May 15, 2018 at 4:00 pm EDT at Hotel Le Crystal, 1100 Rue de la Montagne, Montreal. Following the business portion of the meeting, Matt Manson, President and CEO and Patrick Godin, COO, will provide an update on Stornoway’s business operations and outlook. A live webcast of this presentation will be [...]
LONGUEUIL, Quebec, April 11, 2018 -- Stornoway Diamond Corp. is pleased to provide production and sales results at the Renard Diamond Mine for the first quarter ended March 31, 2018. Highlights are as follows: 399,135 carats sold in three tender sales for gross proceeds1 of $56.4 million2 at an average price of US$112 per carat . Included in the sales was a 37 carat Type II-a, D colour, internally flawless stone that sold [...]
LONGUEUIL, Québec, March 26, 2018 -- Stornoway Diamond Corp. is pleased to report financial and operating results for the fourth quarter and year ended December 31, 2017. Earnings, operating expenses and capital expenses quoted reflect the recent adoption of a change in accounting policy regarding the capitalization of certain underground mine development costs . Year Ended December 31, 2017 Highlights: For the [...]
LONGUEUIL, Québec, March 06, 2018 -- Stornoway Diamond Corporation the “Corporation” or “Stornoway”) expects to release its Fourth Quarter and year end 2017 results prior to market open on March 26, 2018 and will host a conference call for analysts and investors on the same day at 11:00am EDT. This call may be accessed by calling 1- 215-3287 toll free in North America, or 1- 905-5939 from [...]
LONGUEUIL, Québec, Feb. 07, 2018 -- Stornoway Diamond Corp. is pleased to announce the attainment of full Completion Certification at the Renard Mine. Under the terms of Stornoway’s July 2014 material project finance agreements, including the senior secured loan agreement with Diaquem Inc. and the Renard streaming agreement, Completion entails the delivery of certificates for the mine’s physical [...]