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BRIEF-Stornoway announces 2016 production results and 2017 guidance
February 6, 2017 / 9:58 PM / 8 months ago

BRIEF-Stornoway announces 2016 production results and 2017 guidance

Feb 6 (Reuters) - Stornoway Diamond Corp

* Stornoway announces 2016 production results and 2017 guidance

* 2017 operating cost guidance of C$59.68 per tonne processed

* Stornoway Diamond -2017 production guidance of 1.7 million carats produced and 1.8 million carats sold, at an average diamond price between $100 and $132 per carat

* Stornoway Diamond Corp- Operating costs for 2017 forecast at C$59.68 per tonne processed, being C$70.41 per carat processed and C$66.49 per carat sold

* Stornoway Diamond Corp - In 2017 Stornoway plans to mine 4.4 million tonnes of ore and waste from open pits and 0.5 million tonnes from underground mine

* Stornoway Diamond Corp - For 2017, capital costs are forecast at C$78.7 million

* Stornoway Diamond Corp- Stornoway forecasts average diamond pricing during 2017 of between $100 and $132 per carat

* Stornoway-For 2017 being cautious with diamond price forecasting,due to uncertain market conditions,reduction in pricing for smaller,lower quality items Source text for Eikon: Further company coverage:

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