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Last C$0.64 CAD
Change Today -0.03 / -4.48%
Volume 715.5K
SWY On Other Exchanges
As of 3:59 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

stornoway diamond corp (SWY) Snapshot

Previous Close
Day High
Day Low
52 Week High
03/31/14 - C$1.22
52 Week Low
12/12/14 - C$0.46
Market Cap
Average Volume 10 Days
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Dividend Yield
Current Stock Chart for STORNOWAY DIAMOND CORP (SWY)

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stornoway diamond corp (SWY) Details

Stornoway Diamond Corporation operates as a diamond exploration and development company in Canada. The company’s principal asset is the Renard diamond project located near the Otish Mountains in north-central Quebec. Stornoway Diamond Corporation was founded in 1986 and is headquartered in Longueuil, Canada.

34 Employees
Last Reported Date: 07/29/14
Founded in 1986

stornoway diamond corp (SWY) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: C$263.5K
Chief Financial Officer, Vice President of Fi...
Total Annual Compensation: C$180.0K
Chief Operating Officer, Director, Member of ...
Total Annual Compensation: C$264.0K
Vice President of Engineering & Construction
Total Annual Compensation: C$180.0K
Vice President of Asset Protection
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2014.

stornoway diamond corp (SWY) Key Developments

Stornoway Diamond Corporation Commences Pre Stripping at Renard 2 Renard 3 Open Pit at Renard Diamond Project

Stornoway Diamond Corporation announced that pre-stripping of the Renard 2-Renard 3 open pit at the Renard Diamond Project has commenced. The removal and containment of surficial lake sediments was completed during January and February and, with the procurement of the mobile open pit mining fleet well advanced, principal open pit mining activities have now commenced within the planned schedule. It is expected that approximately 0.7 million tonnes of ore stockpile extracted from the Renard 2 and Renard 3 kimberlites will be available for the start of plant commissioning by the second half of 2016. The Renard Diamond Project is located approximately 250 km north of the Cree community of Mistissini and 350 km north of Chibougamau in the James Bay region of north-central Quebec. On July 8th 2014 Stornoway announced the completion of a $946 million project financing transaction to fully fund the project to production, and construction commenced on July 10th, 2014. First ore is scheduled to be delivered to the plant in the second half of 2016 with commercial production scheduled for the 2nd quarter of 2017.

Stornoway Diamond Corporation Presents at Prospectors & Developers Association Conference 2015, Mar-01-2015 through Mar-04-2015

Stornoway Diamond Corporation Presents at Prospectors & Developers Association Conference 2015, Mar-01-2015 through Mar-04-2015. Venue: Toronto, Ontario, Canada. Presentation Date & Speakers: Mar-02-2015, Ghislain Poirier, Vice President of Public Affairs. Mar-03-2015, Matthew Manson, Chief Executive Officer, President, Director, Member of Disclosure Policy Committee and Member of Environmental, Health & Safety Committee.

Stornoway Diamond Corporation Announces Consolidated Earnings Results for Second Quarter and Six Months Ended October 31, 2014

Stornoway Diamond Corporation announced consolidated earnings results for second quarter and six months ended October 31, 2014. The company reported net earnings for the three months totaled $11.7 million compared to net loss of $1.6 million, other income of $12.7 million. Cash used in operating activities was $13.5 million compared to cash provided by operating activities of $3.3 million for the same period a year ago. Diluted net earnings per share were $0.01 compared to diluted net loss per share of $0.01 for the same period a year ago. The company reported, net earnings for the six months totaled $0.2 million compared to net loss of $3.1 million for the same period a year ago, and include other income of $4.6 million. Cash used in operating activities was $14.9 million compared to $7.9 million for the same period a year ago. Net earnings were impacted by several items not reflective of Stornoway's underlying operating performance, including changes in the fair value of a derivative and unrealized gains and losses from foreign exchange.


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