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Disappointing March quarter for Stornoway

Stornoway Diamond Corp (CN:SWY) saw lower-than-expected quarterly diamond production at its Renard diamond mine in Quebec, Canada, due to processing lower-grade ore as it completed openpit operations and transitioned to underground mining.

Disappointing March quarter for Stornoway Disappointing March quarter for Stornoway Disappointing March quarter for Stornoway Disappointing March quarter for Stornoway Disappointing March quarter for Stornoway

Stornoway is transitioning its Renard mine from openpit to underground mining

The company produced 285,851 carats in the March quarter, dropping 26% year-on-year, from 562,520 tonnes of ore processed, up 34%, at an average grade of 51ct per hundred tonnes, which compared ...