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Stornoway
Lenders to Acquire Stornoway
Stornoway Diamond Corporation’s major lenders have agreed to take over the company amid mounting debts that prompted the miner to file for protection from creditors.The owner of the Renard mine in Quebec is seeking torestructure...
Mining Sep 10, 2019 Rapaport News
Stornoway Renard mine 150
Possible Stock Delisting Adds to Stornoway Woes
Stornoway Diamond Corporation has until December 20 to comply with Toronto Stock Exchange (TSX) requirements or face a delisting of its common shares. “There can be no assurance that the corporation willsuccessfully regain compliance with the TSX...
Mining Aug 25, 2019 Rapaport News
Stornoway
Stornoway Diamond Fears for Its Future
Stornoway Diamond Corporation has given a stern warningabout its ability to remain in business, after failing to find a buyer for the company. The miner had until July 15 to find an investor for its Renard operation as part...
Mining Aug 15, 2019 Rapaport News
Stornoway 150
Stornoway Prices Continue to Fall
Rough prices slumped for Stornoway Diamond Corporation inthe second quarter, as market weakness dented demand for the miner’s range ofgoods. The average price of the company’s sales slid 18% to $76 percarat in the...
Mining Jul 11, 2019 Rapaport News
Renard mine 150 061119
Struggling Stornoway Seeks Buyer for Renard
Stornoway Diamond Corporation is looking for investors to help salvage its Renard mine as the company continues to incur high financial losses. The miner called for offers to purchase its Canada operations after receiving $11.7...
Mining Jun 11, 2019 Rapaport News
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Stornoway Loss Deepens Amid Slow Market
Stornoway Diamond Corporation fell deeper into the red inthe first quarter, as rough prices softened, it saidMonday. The miner recorded a net loss of CAD 48.4 million ($36million) for the three months ending March...
Mining May 14, 2019 Rapaport News
Stornoway Renard 150
Stornoway Appoints New Finance Chief
Dino Rambidis will replace Orin Baranowsky as chieffinancial officer of Stornoway Diamond Corporation.“Dino…is a seasoned leader with extensive financialexperience, and is a valuable addition to our leadership team,” Stornoway CEOPatrick Godin said last week. Rambidis will...
Mining Apr 22, 2019 Rapaport News
Renard mine 150 snow
Stornoway to Suspend Open-Pit Operations
Stornoway Diamonds will halt open-pit mining atits Renard deposit in an effort to cut costs. The Canada-based miner temporarily suspended activities and shut down aportion of its equipment starting this month, it said last week....
Mining Apr 14, 2019 Rapaport News
Stornoway
Stornoway Loss Deepens Amid Renard Delays
Stornoway Diamond Corporation increased its net loss in2018 after experiencing delays in the transition to underground mining at its Renard project in Canada. The deficit widened to CAD 329.4 million ($246.8 million),compared with a loss of CAD...
Mining Mar 31, 2019 Rapaport News
Stornoway
Stornoway Appoints Head of Operations
Stornoway Diamond Corporation has promoted Patrick Sévigny tovice president of operations with immediate effect, the company said Monday. Sévigny has been with the Canada-based miner since 2015 asmanager of mining operations at its...
Mining Jan 30, 2019 Rapaport News
Stornoway
Weakness in Low-Value Stones Hits Stornoway
Stornoway Diamond Corporation’s sales fell in the finalthree months of last year as weakness in the Indian market dented prices oflower-value rough from its Renard mine in Canada. Fourth-quarter proceeds dropped 35% to CAD 32.1 million($24.2...
Mining Jan 20, 2019 Rapaport News
Stornoway Godin.
Stornoway Names Patrick Godin as CEO
Stornoway Diamond Corporation has appointed a new CEO after reporting its third successive quarterly loss. Patrick Godin, Stornoway’s chief operating officer, willsucceed Matt Manson on January 1, the company said Wednesday. Stornoway recorded...
Mining Nov 15, 2018 Rapaport News
Renard mine 150
Stornoway Notes Poor Small-Stone Market
Stornoway Diamond Corporation’s average price fell quarteron quarter in the three months ending September 30 due to weakness in theIndian market, it said last week. Prices of smaller and lower-quality stones have decreased sinceJuly due to challenging...
Mining Oct 14, 2018 Rapaport News
Renard in winter
Stornoway Completes Renard Underground Mine
The Renard underground mine in Canada is running at full capacity,after a slower-than-expected transition from open-pit operations in the firsthalf of the year, Stornoway Diamond Corporation said Tuesday.The miner is producing 6,039 tonnes of ore per day from...
Mining Sep 05, 2018 Rapaport News
Stornoway
Stornoway Reports Loss Amid Renard Delays
Stornoway Diamond Corporation went into the red in thesecond quarter as delays at its Renard mine resulted in lower-quality productionthan it had anticipated. The miner recorded a net loss of $27.4 million (CAD 35.9million) for the three...
Mining Aug 15, 2018 Rapaport News
Renard
Renard Output and Sales Fall in 2Q
Stornoway Diamond Corporation saw production and sales dropin the second quarter amid a slowdown while the company transitions from open-pitto underground mining. The miner produced 223,351 carats from its Renard mine...
Mining Jul 08, 2018 Rapaport News
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Renard Operations to Resume After Fire
Stornoway Diamond Corporation will recommence operations at itsRenard mine in Canada after a brief suspension caused by a nearby forest fire,it said Tuesday. The miner will start sending staff members to the site onWednesday, and expects...
Mining Jul 04, 2018 Rapaport News
Renard fire July 2018
Fire Halts Operations at Stornoway Mine
Stornoway Diamond Corporation has suspended operations atthe Renard mine in Canada due to a local forest fire.The blaze had reached within 100 meters of the mine’s accessroad as of 6:30 a.m. Eastern Standard Time (EST) Monday,...
Mining Jul 03, 2018 Rapaport News
Stornoway
Stornoway Lowers Production Outlook
Stornoway Diamond Corporation has reduced its production-and-salesexpectations for this year, as its shift to underground mining has resulted in lowergrades.The company now plans to produce between 1.35 million and1.4 million carats from its Renard...
Mining May 21, 2018 Rapaport News
Stornoway 150
37ct. Diamond Boosts Stornoway Prices
Stornoway Diamond Corporation saw rough prices rise in thefirst quarter, driven by a resurgent market and the sale of its most expensive stoneto date. The miner achieved an average price of $112 per carat forthe three...
Mining Apr 12, 2018 Rapaport News
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