Stornoway reports better-than-expected 2016 output, confirms 2017 guidance

Gem miner Stornoway Diamond Corporation has reported significantly better-than-expected production results for 2016 on the back of completing construction of the Renard mine ahead of schedule and below budget. The Longueuil, Quebec-based company on Monday reported that the 448 887 ct of diamonds produced since operations started last year was more than double that expected in the 2016 mine plan, boosted in part by a 15% higher-than-planned grade of 112 ct/t. The resource reflected better-than-expected geology at the top of the Renard 2 and Renard 3 orebodies.