Stornoway Diamond
Minerals & Mining · Canada · 501-1,000 Employees
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Overview
Headquarters
1111 St-charles Ouest Tour Ouest Ste 400...Phone Number
(450) 616-5555Website
www.stornowaydiamonds.comRevenue
$232.6 MillionStock Symbol
SWYIndustry
About Stornoway Diamond
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Stornoway Diamond is experiencing very low activity levels compared to other companies in the Minerals & Mining sector.
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Stornoway Diamond News & Media
Restructure of the Renard Option
Highlights Reduction of initial payment upon exercise of the option from C$15 million to C$1 million. The balance of the Renard consideration payment delayed until 2026 and 2027. Renard Option restructure preserves shareholder value by deferring material payments by 12 months and...Stornoway Diamonds to lay off 425 workers as operations halt at Quebec mine
MONTREAL — Stornoway Diamonds Inc. says it is suspending operations at its Renard mine in northern Quebec. The Montreal-based diamond company says 75 of the 500 workers will stay on board to maintain the mine's assets and facilitate a return to normal operations. That leaves some 425 workers temporarily laid off from the mine, which sits about 700 kilometres north of Quebec City as the crow flies. The 37-year-old company attributes the shutdown to growingStornoway Announces the Departure of Patrick Godin and Annie Torkia Lagacé, as Well as the Appointment of Patrick Sévigny as the Corporation’s Chief Operating Officer
LONGUEUIL, Quebec, June 25, 2020 (GLOBE NEWSWIRE) -- Stornoway Diamonds (Canada) Inc. (the "Corporation" or "Stornoway") announces that Mr. Patrick Godin and Ms. Annie Torkia Lagacé will be stepping down from their respective positions as President and Chief Executive Officer of the Corporation and Executive Vice President, Finance and Corporate Services. These changes will be effective as of June 26, 2020.Stornoway Extends Care and Maintenance Period at Renard Diamond Mine
LONGUEUIL, Québec,, April 14, 2020 (GLOBE NEWSWIRE) -- Stornoway Diamonds (Canada) Inc. (the “Corporation” or “Stornoway”) announced today that it will extend the care and maintenance period of its operations due to depressed diamond market conditions despite the announcement of Québec Minister of Natural Resources to restart mining activities in the province.
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Frequently Asked Questions Regarding Stornoway Diamond
Founded in 1986, Stornoway Diamond engages in the mining, acquisition, and exploration of diamond properties. The company is headquartered in Longueuil, Quebec, Canada.... Read More