11:08 AM EST - Stornoway Diamond Corporation : Announced production and sales results at the Renard Diamond Mine for the quarter ended March 31, 2019. Highlights are as follows: All quoted figures in CAD$ unless otherwise noted. 429,506 total carats sold in two tender sales for gross proceeds of $47 million at an average price of $83 per carat U.S. ($110 per carat). In terms of total carats sold, pricing and gross proceeds, this represents increases of 38%, 8% and 47% over the fourth quarter of 2018, respectively. First-quarter diamond sales represent diamonds recovered during the fourth quarter of 2018. First-quarter diamond production was 444,562 carats recovered from the processing of 582,613 tonnes of ore at an average grade of 76 cpht. Carats recoveries decreased by 8% compared to the fourth quarter of 2018, principally due to mechanical issues at the front end of the process plant related to very cold weather in January and February. In March, the process plant surpassed its budgeted daily rate with an average of 7,209 tonnes processed per day. Stornoway Diamond Corporation
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