09:48 AM EST - Stornoway Diamonds : Announced that the Renard diamond mine will be restarting operations in September. The detailed plan approved by the Board of Directors of Stornoway and its shareholders includes cost reductions of over $30M over the next 16 months of operations, with a projected impact of significantly reducing the all-in cost of production. Further to this cost reduction plan, the current shareholders of Stornoway have committed to reinvest up to $30M (up to $7.5M for Osisko) in a senior secured working capital facility. Stornoway Diamonds.
shares T.SWY are trading unchanged at $0.02.
