Kostolanys Erbe schrieb am 12.07.2017, 21:27 Uhr[/url]"]
Stornoway's Renard produces 417,362 carats in Q2 2017
2017-07-12 10:09 ET - News Release
Mr. Matt Manson reports
STORNOWAY ANNOUNCES SECOND QUARTER PRODUCTION AND SALES RESULTS
Stornoway Diamond Corp. has provided production and sales results at the Renard diamond mine for the quarter ended June 30, 2017. Highlights include:
417,362 carats produced from the processing of 512,005 tonnes of ore with an attributable grade of 82 carats per hundred tonnes ("cpht").
Average processing rate of 6,149 tonnes per day achieved in June, exceeding plant's nameplate capacity and marking the on-schedule completion of the project's production ramp-up.
350,159 carats sold in two scheduled sales (2017 sales #4 and #5) for gross proceeds1 of C$40.9 million2, at an average price of US$87 per carat (C$117 per carat2).
An additional 151,135 carats sold in a sale completed subsequent to the quarter end (2017 sale #6), for gross proceeds of C$19.8 million3, at an average price of US$101 per carat (C$131 per carat3).
+19% increase in pricing for Renard diamonds since sales began, expressed in real terms after accounting for size distribution and quality variations.
Matt Manson, President & CEO commented: "At the end of the second quarter, we are pleased to report robust production figures and the on-schedule attainment of our process plant's nameplate capacity, marking the end of our processing ramp-up. With seven sales now completed, we are encouraged by strong growth in diamond pricing, reflecting the underlying market demand for the Renard product. This is despite the ongoing issue of diamond breakage which is impacting our production's quality and size profile. Going into the second half of the year, we will remain focussed on maximising the value attributes of our diamond production and continuing the growth in revenue from sales."
Diamond Production
During the quarter, 512,005 tonnes of ore were processed compared to the plan of 513,000 tonnes. Ore was sourced primarily from the Renard 2 kimberlite and stockpiles. Diamond production of 417,362 carats was below the plan of 486,591 carats (-13%) due, primarily, to the processing of lower grade ore. The average processing rate of the plant during the quarter was 5,626 tonnes per day, increasing to 6,149 tonnes per day in June. This meets the name plate capacity of the Renard process plant, which is 6,000 tonnes per day, and represents the completion of the project's production ramp-up.
Diamond Sales
Two tender sales were completed during the quarter. In total, 350,159 carats were sold for gross proceeds1 of C$40.9 million2, at an average price of US$87 per carat (C$117 per carat2). This compares to an average price of US$81 achieved in the first quarter. Immediately subsequent to the quarter end, Stornoway completed its 6th sale of the year, where 151,135 carats were sold for gross proceeds1 of C$19.8 million3, at an average price of US$101 per carat (C$131 per carat3). All sales prices are quoted on a run-of-mine basis.
The average pricing being achieved in the Renard diamond sales is strongly impacted by the ongoing issues of diamond breakage in the process plant, which reduces the proportion of larger diamonds available for sale, and volatility in the proportion of small diamonds in the sales mix. Small diamonds continue to achieve substantially lower market pricing than was being achieved prior to the Indian de-monetization events of late 2016. Nevertheless, the average run of mine pricing for Renard diamonds, after accounting for size distribution and quality variations, has increased in real terms by 19% since the first sale was completed in November 2016. While the rough market has strengthened modestly during this period, the size of the increase reflects the growing acceptance of the Renard diamond production by Stornoway's tender sale clientele. Stornoway's 6th sale of 2017 achieved the first result above US$100 per carat with a standard run-of-mine sales mix, despite continuing to exhibit a lower than expected proportion of larger diamonds. This is an encouraging result, and consistent with Stornoway's FY2017 pricing guidance of US$100 to US$132 per carat. Stornoway expects to conclude two additional sales in the third quarter (2017 sales #7 and #8) and two in the fourth quarter (2017 sales #9 and #10). Sales proceeds from sale #8 will be recognised in the fourth quarter.
Processing Update
Since ore processing at Renard began, the project has experienced high levels of diamond breakage. This is manifested most directly in the proportion of larger diamonds recovered, and in the average quality profile. Both factors negatively impact the achieved average diamond price at sale. During the first half of the year, steps have been undertaken to understand the cause of the breakage and to mitigate it to acceptable levels, with attention focussed on crusher operating settings, material balancing in the plant, screen changes, and modifications to the scrubber and pumps. While breakage continues at unsatisfactorily high levels, good insight has been achieved on the location and cause of the issue by Stornoway's processing staff and team of independent experts. Breakage occurs in all diamond processing plants, and can be successfully mitigated. Additional plant modification measures aimed at reducing the breakage at Renard and producing a higher quality diamond product are under development and will be released along with Stornoway's second quarter financial results in August.
During the processing ramp-up, Stornoway has made modifications to the method of handling and disposal of processed kimberlite ("PK"). To date, PK has been de-watered with centrifuges for trucking to a dry-stack disposal site. High moisture content in the PK has reduced its competence for stacking, and made disposal cumbersome. Going forward, fine PK will be pumped for disposal in a modified containment facility in a more traditional fashion, with water outflow collected and treated at the existing water treatment facility. In support of this change, a degrit module has been installed in the process plant and civil works modifications in the containment facility have been completed to dispose of the coarse PK. A modification to the mine's operating permit has been submitted and is under review. Stornoway expects to commence the modified form of PK disposal shortly. These changes have been completed within the previously announced sustaining capital budget for 2017, and will remove a significant bottle neck for future plant expansion at Renard.
About the Renard Diamond Mine
The Renard Diamond Mine is Quebec's first producing diamond mine and Canada's sixth. It is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Quebec. Construction on the project commenced on July 10, 2014, and commercial production was declared on January 1, 2017. Average annual diamond production is forecast at 1.8 million carats per annum over the first 10 years of mining. Readers are referred to the technical report dated January 11, 2016, in respect of the September 2015 Mineral Resource estimate, and the technical report dated March 30, 2016, in respect of the March 2016 Updated Mine Plan and Mineral Reserve Estimate for further details and assumptions relating to the project.
About Stornoway Diamond Corporation
Stornoway is a leading Canadian diamond exploration and development company listed on the Toronto Stock Exchange under the symbol SWY and headquartered in Montreal. Our flagship asset is the 100% owned Renard Diamond Project, Quebec's first diamond mine. Stornoway is a growth oriented company with a world-class asset, in one of the world's best mining jurisdictions, in one of the world's great mining businesses.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSWY-2486264&symbol=SWY®ion=C
[url=https://peketec.de/trading/viewtopic.php?p=1758045#1758045 schrieb:
greenhorn schrieb am 16.05.2017, 16:01 Uhr[/url]"]
Stornoway Diamond produces one million carats at Renard
https://www.stockwatch.com/News/Item.aspx?bid=Z-C:SWY-2471828&symbol=SWY®ion=C
2017-05-16 08:57 ET - News Release
Mr. Matt Manson reports
STORNOWAY ANNOUNCES 1 MILLION CARATS PRODUCED AT RENARD
Stornoway Diamond Corp. has produced one million carats of diamonds at the Renard diamond mine in Quebec.
Matt Manson, President and CEO, commented: "Today's news represents another important milestone in our production ramp-up at Renard. The one million carat threshold comes, coincidentally, at the same time that the first polished diamonds from the mine have become available for sale in Montreal. I'd like to acknowledge the team of dedicated Stornoway employees and contractors, as well as our community partners in Mistissini, Chibougamau and Chapais, who have worked to make this achievement possible."
[url=http://peketec.de/trading/viewtopic.php?p=1756988#1756988 schrieb:
greenhorn schrieb am 10.05.2017, 09:25 Uhr[/url]"]
SWY - Zahlen lesen sich gut für den Produktionsstart; zumindest meiner unrelevanten bescheidenen Meinugn nach
wenn Sie so weiter machen wird das was nettes
[url=http://peketec.de/trading/viewtopic.php?p=1756903#1756903 schrieb:
Kostolanys Erbe schrieb am 09.05.2017, 23:34 Uhr[/url]"]
Stornoway Diamond loses $2.97-million in Q1 2017
2017-05-09 16:31 ET - News Release
Mr. Matt Manson reports
STORNOWAY ANNOUNCES FY2017 FIRST QUARTER RESULTS
Stornoway Diamond Corp. has released its results for the quarter ended March 31, 2017.
Quarter ended March 31, 2017 Highlights
Commercial production at the Renard Diamond Mine formally declared, effective January 1, 2017, marking the end of the project's initial capital expense period.
385,151 carats recovered during the quarter from the processing of 419,233 tonnes of ore, for an attributable grade of 92 cpht, compared to a plan of 369,307 carats at 91 cpht. Diamond sales of 459,126 carats were completed for proceeds of $48.5 million. Adjusted EBITDA1 of $15.0 million, or 35.9% of sales. Total diamond sales since the project began now stand at 498,039 carats at an average price of US$83 per carat ($110 per carat2), reflecting higher than expected efficiencies in the recovery of small diamonds and higher than expected diamond breakage experienced during processing ramp-up. Cash operating costs per tonne processed1 of $57.86 per tonne ($62.99 per carat) and capital expenditures1 of $17.1 million, both well within plan. Mining in the Renard 2-3 and Renard 65 open pits comprised 1,245,021 tonnes, or 112% of plan, with 625,576 tonnes of ore extracted. Underground mine development comprised 1,459 meters, or 113% of plan. Reported a net loss of $3.0 million or $Nil per share on a basic basis and a loss of $0.01 per share on a fully diluted basis. At quarter end, cash, cash equivalents and short-term investments stood at $72.1 million. Available liquidity1 to the Corporation, comprising cash and cash equivalents and available credit facilities, net of payables and receivables, stood at $153 million.
..............................
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aSWY-2469091&symbol=SWY®ion=C
[url=http://peketec.de/trading/viewtopic.php?p=1752307#1752307 schrieb:
greenhorn schrieb am 07.04.2017, 10:24 Uhr[/url]"]
SWY - Long zu 0,60 Euro, letzten Anstieg wieder zurückkonolidiert und nun die Chance ein schönes W auszubilden
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SWY-2459320&symbol=SWY®ion=C
Kwantes refreshes Stornoway Diamond buy
2017-04-06 22:53 ET - In the News
James Kwantes, in the March 22, 2017, edition of Resource Opportunities, refreshes his buy of Stornoway Diamond Corp., recently 94 cents. Mr. Kwantes said buy on May 29, 2016, at 98 cents, and on Dec. 11, 2016, at $1. Assuming a $1,000 investment for each of the two buys, the $2,000 position is now worth $1,898. Stornoway's stock recently jumped thanks to the Washington Group's $1.1-billion (U.S.) hostile takeover offer for another diamond company, Dominion Diamond. Mr. Kwantes says this offer could "shake up Canada's diamond industry." It has certainly shaken up Stornoway's shares, which were as high as $1.30 on Oct. 24, 2016, but were just 87 cents the day before the offer for Dominion arrived. That drop reflects a disappointing diamond sale in November, production hiccups at Stornoway's Renard mine in Quebec and poor exploration results at its Adamantin property south of Renard. Mr. Kwantes is unfazed. He says Stornoway should start to generate free cash flow later this year, at which point the stock should be "rerated." As well, the Washington Group's offer for Dominion has rekindled interest in Canada's diamond sector, which in turn could bring more attention to Stornoway.
© 2017 Canjex Publishing Ltd. All rights reserved.
[url=http://peketec.de/trading/viewtopic.php?p=1748542#1748542 schrieb:
greenhorn schrieb am 20.03.2017, 16:42 Uhr[/url]"]
SWY - kommt nun langsam in Schwung
[url=http://peketec.de/trading/viewtopic.php?p=1744214#1744214 schrieb:
greenhorn schrieb am 24.02.2017, 11:22 Uhr[/url]"]
SWY - Stornoway Diamond - nun ein Produzent!
und gutes Ergebnis zum Start:
Chart sieht auch gut aus für einen möglichen Anstieg
Stornoway Diamond earns $19.6-million in 2016
http://www.stockwatch.com/News/Item.aspx?bid=Z-C:SWY-2446240&symbol=SWY®ion=C
2017-02-23 16:53 ET - News Release
Mr. Matt Manson reports
STORNOWAY ANNOUNCES 2016 FINANCIAL RESULTS
Stornoway Diamond Corp. has released its financial and operating results for the 12 months ended Dec. 31, 2016.
Year ended Dec. 31, 2016, highlights: