Edition:
India

Stornoway Diamond Says Corporation Has Made Decision To Suspend Open Pit Mining Operations In Renard 65 Open Pit


Tuesday, 9 Apr 2019 

April 9 (Reuters) - Stornoway Diamond Corp ::STORNOWAY REPORTS FIRST QUARTER 2019 PRODUCTION AND SALES RESULTS.STORNOWAY DIAMOND CORP - CORPORATION HAS MADE DECISION TO SUSPEND OPEN PIT MINING OPERATIONS IN RENARD 65 OPEN PIT.STORNOWAY DIAMOND - 429,506 TOTAL CARATS SOLD IN TWO TENDER SALES FOR $47 MILLION AT AVERAGE. PRICE OF US$83 PER CARAT AT RENARD DIAMOND MINE FOR QUARTER.STORNOWAY DIAMOND CORP - Q1 RENARD DIAMOND MINE DIAMOND PRODUCTION WAS 444,562 CARATS RECOVERED FROM PROCESSING OF 582,613 TONNES OF ORE.STORNOWAY DIAMOND CORP - NO EFFECT ON REVENUE IN 2019 IS TO BE EXPECTED FROM DECISION TO TEMPORARILY HALT PRODUCTION FROM RENARD 65 OPEN PIT. 

Company Quote

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23 Aug 2019