Finance > Profit-loss

Stornoway reports increased net loss, reduces guidance

Stornoway Diamond Corp (TSX: SWY) has reported an increased net loss and reduced its 2018 production and sales guidance due to the “transitional nature” of moving from an openpit to underground mine at Renard in Quebec.

Staff reporter

Finance > Profit-loss

Stornoway reports increased net loss, reduces guidance

Stornoway Diamond Corp (TSX: SWY) has reported an increased net loss and reduced its 2018 production and sales guidance due to the “transitional nature” of moving from an openpit to underground mine at Renard in Quebec.

Staff reporter

Stornoway reports increased net loss, reduces guidance

Looks to future of growing production after underground transition at Renard

The company announced a net loss of C$11 million (US$8.6 million) for the March quarter, compared with a net loss of $1.2 million in the previous corresponding period.