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Patrick Sevigny 150
Stornoway Shakes Up Top Management
Patrick Sévigny will take over management of Stornoway Diamonds following the exit of CEO Patrick Godin amid the company’s efforts to streamline its executive team.Sévigny will lead the company as chief operating officer, Stornoway...
Mining Jun 28, 2020 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 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
Renard underground 150
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
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 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
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
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
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 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
Stornoway 150
Renard Price Drop Leads to Stornoway Loss
Stornoway Diamond Corporation recorded a loss in 2017, as lower-than-expectedrough prices forced it to devalue its Renard mine. The miner reported a net loss of $88.8 million (CAD 114.6million), versus a profit of $15.2 million (CAD 19.6 million) in 2016,it...
Mining Mar 28, 2018 Rapaport News
Renard mine
Prices Improve at Stornoway Rough Tender
Rough prices rose at Stornoway Diamond Corporation’s firstsale of 2018 as the market improved and the company sold higher-quality productionfrom its Renard mine. Last week’s tender in Antwerp achieved an average price of$104 per carat,...
Mining Jan 30, 2018 Rapaport News
Renard Mine
Stornoway Sees Rise in Renard Prices
Stornoway Diamond Corporation earnedrevenues of $33.4 million (CAD 42.6 million) in the second quarter, reporting anincrease in rough-diamond prices at its flagship Renard mine in Canada.Two tenders during the period fetched anaverage of $87 per carat,...
Mining Aug 15, 2017 Rapaport News
Stornoway Renard rough 140
Renard Tallies 1M Carats Since Launch
Stornoway Diamond Corporation has produced 1 million caratsat its Renard mine since the deposit opened in Canada in October, the companysaid Tuesday.“Today’s news represents another important milestone in ourproduction ramp-up at Renard,” said Matt Manson,...
Mining May 17, 2017 Rapaport News
Renard Stornoway Birks polished
Birks Shows Canada Pride with Renard Line
Canadian jewelry retailer Birks Group has partnered withrough producer Stornoway Diamond Corporation to sell stones from the new Renardmine in Quebec.Birks launched a showcase of the first 200 diamonds from themine at its Montreal flagship...
Retail May 14, 2017 Rapaport News
Diamond Breakage Dents Renard Prices
Prices at Stornoway Diamond Corporation’s Renard mine inCanada lagged during the first quarter due to a high rate of diamond breakage,the company said.Sales since the mine’s launch yielded an average price of$83 per carat, Stornoway...
Mining May 10, 2017 Rapaport News
Stornoway Renard
Stornoway Upbeat on Revenue After 2016 Profit
Stornoway Diamond Corporation recorded a profit in 2016 dueto a tax refund, and received a performance boost from the launch of the Renardmine in October.The company reported a net income of $15 million (CAD 19.6million) for the year,...
Mining Feb 26, 2017 Rapaport News
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