PROFIT & LOSS

Stornoway addresses breakage issue

Canada’s Stornoway Diamond Corp (CN:SWY) is addressing ongoing issues with high levels of diamond breakage at its newly Renard mine in Quebec, Canada, with the board of directors approving a C$22 million (US$17.3 million) plant modification programme to alleviate the issue.

Stornoway's Renard mine failed to live up to expectations in the June quarter

Stornoway's Renard mine failed to live up to expectations in the June quarter

The company's existing funds will be used to add a waste sorting circuit to the process plant, which should assist in reducing breakage and producing larger diamonds and higher-quality products. This,...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

A growing series of reports, each focused on a key discussion point for the farming sector, brought to you by the Kondinin team.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.

editions

Mining Journal Intelligence Global Leadership Report 2023: Social licence

Gain insights into social licence trends and best practices from interviews with 20+ top mining company executives and an industrywide survey.