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BRIEF-Stornoway Sees FY 2019 Capex $70 Million - $80 Million

Published 2019-01-16, 07:35 a/m
Updated 2019-01-16, 07:40 a/m
© Reuters.  BRIEF-Stornoway Sees FY 2019 Capex $70 Million - $80 Million

Jan 16 (Reuters) - Stornoway Diamond Corp SWY.TO :

* STORNOWAY ANNOUNCES FOURTH QUARTER AND 2018 PRODUCTION AND SALES RESULTS, AND 2019 GUIDANCE

* STORNOWAY DIAMOND - SEES FY2019 CAPEX $70 MILLION - $80 MILLION

* STORNOWAY DIAMOND>- Q4 DIAMOND PRODUCTION OF 485,616 CARATS RECOVERED FROM PROCESSING OF 605,960 TONNES OF ORE

* STORNOWAY DIAMOND - Q4 DIAMOND PRODUCTION OF 485,616 CARATS

* SEES FY2019 ORE PROCESSED 2.40 MTONNES – 2.55 MTONNES

* IN 2019, STORNOWAY EXPECTS TO PRODUCE BETWEEN 1.80 AND 2.10 MCARATS FROM PROCESSING OF 2.40 TO 2.55 MTONNES OF ORE

* STORNOWAY DIAMOND - FOR FY2019, CASH OPERATING COSTS ARE ESTIMATED AT $120 MILLION TO $130 MILLION

* FY 2019 CAPITAL EXPENDITURES ARE ESTIMATED AT $70 MILLION TO $80 MILLION

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