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Tag: TSX:SWY

North Arrow Closes Acquisition of Remaining Interests in Qilalugaq (Nunavut) and Pikoo (Saskatchewan) Diamond Projects

North Arrow Minerals (TSXV-NAR) is pleased to announce it has closed the previously disclosed property purchase agreement with Stornoway Diamond Corporation (TSX-SWY) under which North Arrow has acquired Stornoway’s remaining interests in the Qilalugaq and Pikoo Diamond Projects (please see North Arrow news release #17-01 dated January 17, 2017). North

Stornoway Announces 2016 Production Results and 2017 Guidance

Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce 2016 production results for the Renard Diamond Mine and 2017 guidance.
Highlights are as follows:

2,074,827 tonnes of open pit ore mined and 399,162 tonnes processed, increases of +136% and +77% respectively over plan;
448,887 carats recovered at an

Stornoway Announces Management Change

Stornoway Diamond Corporation (TSX:SWY); (the “Corporation” or “Stornoway”) announces that Robert Chausse, Stornoway’s Chief Financial Officer, will leave the Corporation to pursue other career opportunities, effective March 1, 2017.

Matt Manson, President and CEO commented: “On behalf of the Board of Directors of the Corporation, we wish Rob well in his

Stornoway Diamond Opens Renard Diamond Mine

Stornoway Diamond (TSX:SWY) celebrated the official opening of its Renard Diamond Mine on Wednesday.

As quoted in the press release:
[The ceremony was] held in the presence of M. Pierre Arcand, Quebec’s Minister of Energy and Natural Resources and Minister responsible for the Plan Nord, as well as current and former staff

Stornoway Provides Processing Update for the Renard Diamond Mine

Stornoway Diamond (TSX:SWY) has provided a diamond processing update on its Renard Diamond Mine in relation to the quarter ended September 30, 2016.

As quoted in the press release:
First ore was introduced to the Renard diamond plant on July 15, 2016. As of the quarter end, 91,010 tonnes of ore had

Stornoway Announces 2016 Quarter Results

Stornoway Diamond (TSX:SWY) has announced results for the quarter ended June 30, 2016.

As quoted in the press release:
Quarter ended June 30, 2016 Highlights

Progress at the Renard Diamond Project continues in line with the planned schedule and budget.
Incurred costs and commitments at the quarter-end totalled $682.0 million, or 88% of budget.
Construction

Stornoway Commences Ore Processing at Renard Diamond Project

Stornoway Diamond (TSX:SWY) has announced that processing of ore has commenced at the Renard Diamond project.

As quoted in the press release:
This marks the beginning of a processing ramp-up designed to achieve 100% of plant nameplate capacity (2.16Mtonnes/annum at 78% plant utilization) within 9 months. Commercial production at Renard is defined

Stornoway Receives $82.72 Million from Warrant Exercise

Stornoway Diamond (TSX:SWY) has announced that prior to their expiry on July 8, 91,912,732 common share purchase warrants were exercised at $0.90 per share for total proceeds of $82.72 million.

As quoted in the press release:
This represents 97.47% of the warrants issued on July 8, 2014.

Matt Manson, President and CEO, commented:

Stornoway Reminds Warrantholders of Upcoming Exercise Deadline

LONGUEUIL, Québec, June 29, 2016 (GLOBE NEWSWIRE) — Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) would like to remind holders of its common share purchase warrants, issued on July 8, 2014 and exercisable at C$0.90 per share (the “Warrants”) (TSX:SWY.WT.A), of their expiry at 5:00 pm (Eastern time) on

Stornoway Commences Plant Commissioning at Renard Diamond Project

LONGUEUIL, Québec, June 22, 2016 (GLOBE NEWSWIRE) — Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to announce the completion of Pre-Operational Verification (“POV”) at the Renard Project diamond process plant and the formal commencement of plant commissioning.  All principal plant equipment and control systems have now been installed

Stornoway Provides Renard Operational Readiness Update

LONGUEUIL, Quebec, June 06, 2016 (GLOBE NEWSWIRE) — Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) is pleased to provide an update on operational readiness at the Renard Diamond Project ahead of expected first diamond production later this year.
At the end of May overall construction progress stood at 96% compared

Stornoway Announces First Quarter Results for 2016

Stornoway Diamond (TSX:SWY) has announced its results for the quarter ending March 31, 2016.

As quoted in the press release:
Quarter ended March 31, 2016 Highlights

(All quoted figures in CAD$)

Progress at the Renard Diamond Project continues in line with the planned schedule and budget.
Incurred costs and commitments at quarter-end totalled $615.3 million,

Stornoway Intersects Kimberlite at Adamantin Project

Stornoway Diamond (TSX:SWY) has announced the discovery  of kimberlite at its Adamantin Project located south of the Renard Diamond Project and west of the Route 167 Extension in Quebec. To date, 11 distinct kimberlite bodies have been identified.

As quoted in the press release:
Till sampling at Adamantin during 2015 confirmed the

Stornoway Intersects Kimberlite at Adamantin Project

LONGUEUIL, Quebec, May 05, 2016 (GLOBE NEWSWIRE) — Stornoway Diamond Corporation (TSX:SWY); (the “Corporation” or “Stornoway”) is pleased to announce the discovery of kimberlite at its 100% owned Adamantin Project located approximately 100km south of the Renard Diamond Project and 25km west of the Route 167 Extension in north central

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