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Stornoway’s Renard Mine Set for Commercial Production This Year
Mar 28, 2016 3:04 AM
By Rapaport News
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RAPAPORT... Stornoway Diamond Corporation has brought forward plans for
the Renard mine in Canada, with commercial production now expected to start by
December 31.
This
represents a five-month improvement on a previous schedule, the diamond
exploration and development company said in a statement March 23. First ore
delivery is now expected by the end of September.
As a result,
the forecast cost to complete has been revised down to $584.1 million (CAD 775
million) from $611.2 million.
The company incurred
a loss of $3.2 million in the two months to December 31, 2015.
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Tags:
Canada, exploration, mining, Rapaport News, renard, Renard mine, stornoway, Stornoway Diamond Corporation
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