Ecuador court gives green light for Silvercorp, Salazar’s El Domo project
The ruling removes the last major obstacle for the $250 million project, located 150 km northeast of Guayaquil.
Stornoway Diamond Corporation has reportedly achieved sustained underground mine production at the Renard Diamond Mine at or above the mine’s design capacity in August. This marks the completion of the production ramp-up of the underground mine.
Over a 20-day period ending August 29, 2018, ore mucked and trucked to surface averaged 6,039 tonnes per day against a budgeted design capacity of 6,000 tonnes per day. Ore production is now being sourced from 16 active draw-points developed on 4 mining panels at the 290m level of the Renard 2 kimberlite. Ore processing during this period averaged 7,085 tonnes per day, with underground feed supplemented with ore derived from the Renard 65 open pit, as planned.
“Completion of the underground mine ramp-up at Renard has not been without its challenges.”
Matt Manson, President and CEO, commented: “Completion of the underground mine ramp-up at Renard has not been without its challenges. However, today’s news is validation of the design of the project, the quality of the Renard ore bodies, and the dedication of the Renard mining team and contractors. The assisted block cave is developing well and, as expected, the grade of diamond recoveries has increased as we have moved from the initial mining panel at the margin of Renard 2 into the panels closer to the centre of the ore body. Mining and processing for the remainder of the year will be focused on ore mucked from these higher quality panels.”
The company owns a 100 per cent interest in the world-class Renard mine, Québec’s first diamond mine.
