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Stornoway sinks to 12-month low on Q2 loss

Quebec’s only diamond producer, Stornoway Diamond Corp (TSX:SWY), has reported a headline loss of C$31.3 million for the three months ended in June, compared with an adjusted loss of C$500,000 in the corresponding year-earlier period.

Henry Lazenby
Stornoway's Renard mine is transitioning underground

Stornoway's Renard mine is transitioning underground

The loss translated to a per share loss of C4c a share, which was double the average loss Bay Street analysts had forecast. The $37.7 million larger adjusted net loss related mainly to a decrease in...

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