Stornoway reports rising prices for Renard diamonds; Q3 output, grade outperform plan

November 5, 2017

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Quebec diamond miner Stornoway Diamond Corp has reported strong operating results for the third quarter ended September, with diamond output and the Renard mine’s grade performing above plan.
Stornoway sold a total of 405 643 ct during the quarter in two tender sales with gross proceeds of C$48.1-million at an average price of C$119/ct. These amounts exclude 32 989 ct included in the final tender of the quarter, but for which revenue will be recognised in the fourth quarter as proceeds from the sale were not received before quarter end.

Category: General