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Fading light in diamonds

Fading light in diamonds

The downward trend in pricing reflects tough conditions for luxury goods

Miner's right

15 JULY 2019
Stornoway secures bridge finance

Stornoway secures bridge finance

Quebec diamond producer seeks out alternatives to restructure

Precious stones

12 JUNE 2019
Stornoway makes senior management changes

Stornoway makes senior management changes

Dino Rambidis hired as CFO, Annie Torkia Lagacé promoted

Leadership

18 APRIL 2019
Stornoway suspends Renard openpit operations

Stornoway suspends Renard openpit operations

Stockpile sufficient to feed process pant until June 2020 quarter

Precious stones

09 APRIL 2019
Renard underground move weighs on Stornoway results

Renard underground move weighs on Stornoway results

Diamond miner laments persistently low prices, books property impairment

Precious stones

29 MARCH 2019
Stornoway adds to board

Stornoway adds to board

Hubert Lacroix and Angelina Mehta appointed as directors

Leadership

21 JANUARY 2019
Final funding falls into place for Stornoway

Final funding falls into place for Stornoway

All elements of US$129M financing package completed or approved

Project finance

09 DECEMBER 2018
Stornoway moves further into the red

Stornoway moves further into the red

Grades improving after Renard mine reached design capacity

Profit & Loss

14 NOVEMBER 2018
Stornoway names next CEO

Stornoway names next CEO

Matt Manson leaving at the end of 2018 after 13 years with the company

Leadership

14 NOVEMBER 2018
Stornoway strengthens balance sheet

Stornoway strengthens balance sheet

Diamond miner secures comprehensive financing agreements for up to C$129M

Precious stones

04 OCTOBER 2018
Renard achieves full underground capacity

Renard achieves full underground capacity

Stornoway seeking financial flexibility pending free cash flow

Precious stones

05 SEPTEMBER 2018
Stornoway sinks to 12-month low on Q2 loss

Stornoway sinks to 12-month low on Q2 loss

Renard working through low grade ore as mining transitions underground

Profit & Loss

15 AUGUST 2018