Stornoway Diamond Corporation (SWYDF)
OTC PINK OTC PINK Primary Summary
Stornoway Diamond Corporation (SWYDF) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
Has Stornoway Diamond Corporation ever had a stock split?
Stornoway Diamond Corporation Profile
| Metals & Mining Industry | Materials Sector | Douglas DaSilva CEO | OTC PINK Exchange | 87023P105 CUSIP |
| CA Country | 556 Employees | - Last Dividend | 22 Feb 2011 Last Split | - IPO Date |
Overview
Stornoway Diamond Corporation is a significant entity in the mining sector, specializing in the domain of diamond extraction and exploration. Established in 1986, the company has carved a niche for itself in the competitive diamond industry, particularly within Canada. Its operations are primarily centered around the acquisition, exploration, and mining of diamond properties. A crown jewel in Stornoway Diamond Corporation's portfolio is the Renard mine, which is strategically located in north-central Quebec. This location not only serves as the principal project for the company but also underscores its commitment to exploring and harnessing the rich diamond resources of Canada. The headquarters of Stornoway Diamond Corporation are situated in Longueuil, Canada, serving as the hub for its various operations and strategic decisions.
Products and Services
- Diamond Mining:
This constitutes the core operation of Stornoway Diamond Corporation, involving the extraction of diamonds from its principal asset, the Renard mine. The mining process encompasses a series of sophisticated procedures, including the initial exploration to locate diamond deposits, followed by the development of these sites into fully operational mines. This service is integral to the company's contribution to the global diamond supply chain, enabling the distribution of high-quality diamonds for various applications, from jewelry manufacturing to industrial uses.
- Acquisition and Exploration:
Aside from its mining operations, Stornoway Diamond Corporation engages in the acquisition and exploration of diamond properties. This aspect of the business focuses on identifying and acquiring promising diamond-rich land areas and conducting thorough exploratory activities to assess their potential. Exploration is a critical phase that determines the feasibility of developing new mining projects, thereby ensuring the company's growth and expansion in the diamond industry. Through its exploration activities, Stornoway Diamond Corporation aims to extend its mining operations and increase its diamond production capabilities.
