Market NewsNewsStornoway diamond production ahead of plan, report

Stornoway diamond production ahead of plan, report

Quebec’s sole diamond producer Stornoway Diamonds has issued its maiden first-quarter operating and financial results report, showing that mining rates, development progress in the underground mine, and carat production all continue to exceed plan, reported.

The Longueuil, Quebec-based company, which declared commercial production at the flagship Renard diamond mine on January 1, recovered 385 151 ct of diamonds during the quarter from the processing of 419 233 t of ore, for an attributable grade of 92 carats per hundred tonnes (cpht), compared with a plan of 369 307 cts at 91 cpht, the miningweekly report said

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