Stornoway Announces FY2017 Second Quarter Results

Gem Investing

Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) announced today its results for the quarter ended June 30, 2017. As quoted in the press release: Matt Manson, president and CEO commented: “Our second quarter saw the attainment of full nameplate processing capacity at Renard, achieved by the end of June on schedule. Capital and operating costs continue within …

Stornoway Diamond Corporation (TSX:SWY) (the “Corporation” or “Stornoway”) announced today its results for the quarter ended June 30, 2017.
As quoted in the press release:

Matt Manson, president and CEO commented: “Our second quarter saw the attainment of full nameplate processing capacity at Renard, achieved by the end of June on schedule. Capital and operating costs continue within plan, and our business has again demonstrated a strong cash operating margin. Grade and carats produced for the quarter reflect the processing of a higher proportion of lower grade ore from our stockpiles. However, we continue to see good overall productivity in mining and processing, and development of the underground mine, which will be the principal source of ore to the plant starting next year, is proceeding comfortably within schedule.”

Click here for the full text release