Friday, July 21, 2017

Stornoway Diamond Corporation - SWY.t

Stornoway Diamond Corporation - SWY.t is producing from the flagship Renard Diamond Project.

Renard is located 350 km north of Chibougamau in the James Bay region of north-central Qu├ębec.

On July 12, 2017 the company released News
Stornoway Diamond Corporation  is pleased to provide production and sales results at the Renard Diamond Mine for the quarter ended June 30, 2017. Highlights include:
  • 417,362 carats produced from the processing of 512,005 tonnes of ore with an attributable grade of 82 carats per hundred tonnes (“cpht”).
  • Average processing rate of 6,149 tonnes per day achieved in June, exceeding plant’s nameplate capacity and marking the on-schedule completion of the project’s production ramp-up.
  • 350,159 carats sold in two scheduled sales (2017 sales #4 and #5) for gross proceeds1 of C$40.9 million2, at an average price of US$87 per carat (C$117 per carat2).