Canadian Mining Journal

Stornoway Diamond Corporation

  • Restart of Renard diamond mine planned for September

    September 14, 2020 by Canadian Mining Journal

    Operations at the Renard diamond mine in Quebec will be restarted this month, after a six-month suspension, Osisko Gold Royalties has announced. The September restart follows a thorough review of operations and the approval of a plan to reduce costs

  • DIAMONDS: Renard mine in Quebec to stay on care and maintenance

    April 15, 2020 by Canadian Mining Journal

    LONGUEUIL – Quebec’s first and only diamond mine will remain on care and maintenance, even though the province has given the go-ahead to restart mines as of Apr. 15. Stornoway Diamond says the decision is due to depressed market prices

  • Stornoway’s creditors keep Renard on life support

    September 25, 2019 by David Perri

    Stornoway Diamond (TSX: SWY) and its creditors reached a deal that will see the Renard diamond mine continue to operate during corporate restructuring following the company’s failure to generate positive free cash flow in 2019. Stornoway entered into a letter of

  • DIAMONDS: Stornoway granted creditor protection

    September 9, 2019 by Canadian Mining Journal

    QUEBEC – Stornoway Diamond Corp. of Montreal has been granted protection under the Companies’ Creditors Arrangement Act from the Superior Court of Quebec while the company restructures its business and financial affairs. Protection is extended to subsidiaries Stornoway Diamonds (Canada),

  • News

    DIAMONDS: Stornoway still seeking partner to ease finances

    August 15, 2019 by Canadian Mining Journal

    QUEBEC – Stornoway Diamond Corp. of Montreal released its Q2 2019 report and repeated its plea for a partner or buyer for the money-losing Renard mine 350 km north of Chibougamau. The company began the hunt for a buyer or

  • DIAMONDS: Bridge loan gives Stornoway some breathing room

    June 11, 2019 by Canadian Mining Journal

    QUEBEC – Stornoway Diamond Corp. and its material subsidiaries have arranged bridge financing to keep the Renard mine operating while the company undertakes a strategic review with the aim of restructuring its finances. The Renard diamond project is the company’s

  • News

    SAFETY: Stornoway’s Renard team takes all at provincial rescue competition

    May 6, 2019 by Canadian Mining Journal

    QUEBEC – Stornoway Diamond Corp. mounted a mine rescue team from the Renard mine – and they won all the awards at the 57th Quebec Provincial Mines Rescue Competition. The contest took place on May 2-4, 2019, in La Sarre,

  • News

    DIAMONDS: Stornoway to suspend open pit mining

    April 9, 2019 by Canadian Mining Journal

    QUEBEC – Stornoway Diamond Corp. of Montreal has decided to suspend mining at the Renard 65 open pit mining at its Renard diamond project 350 km north of Chibougamau. Instead, the Renard 65 stockpile will be processed until the second

  • News

    DIAMONDS: Stornoway ends year with revenue down, losses up

    March 28, 2019 by Canadian Mining Journal

    MONTREAL – Stornoway Diamond finished the 2018 calendar year with less production and revenue and more losses. Total net loss for the year was $329.4 million or $0.39 per share, compared to a net loss in 2017 of $114.2 million

  • News

    MINING PEOPLE: Hannan Metals, Stornoway, and Wallbridge

    January 31, 2019 by Canadian Mining Journal

    Vancouver-based Hannan Metals has promoted Lars Dahlenborg to the position of president of the company. Previously, he was VP exploration. The new VP operations at Stornoway Diamond Corp. in Montreal is Patrick Sevigny. He joined the company in January 2015

  • News

    MINING PEOPLE: Adventus, Guyana Goldfields, Nemaska Lithium, and Stornoway

    January 24, 2019 by Canadian Mining Journal

    Adventus Zinc Corp. has named Gunther Sotomayor its VP projects. He has over 30  years of experience including leadership of technical and project development teams. He holds a BSc degree in mechanical engineering from the University of Witwatersrand, Johannesburg and

  • Feature

    Stornoway’s ore sorting success

    January 1, 2019 by Alisha Hiyate

    First diamond mine to use the technology shares its results