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Canada

Renard Mine

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Summary

Mine TypeOpen Pit & Underground
StatusCare and Maintenance
Commodities
  • Diamond
Mining Method
  • Truck & Shovel / Loader
  • Blast Hole Stoping
Production Start... Lock
SnapshotThe Renard Mine is one of only five diamond mines in Canada, and the only diamond mine in the Province of Quebec.

In 2023, Deloitte Restructuring Inc. was appointed by the Superior Court of Québec as monitor in the CCAA proceedings of Stornoway. The mine was placed in care and maintenance in March 2025.

In April 2024, Winsome Resources acquired an option to purchase the Renard Mine. During the option period Winsome will confirm the feasibility of repurposing Renard for lithium production, as well as determining the optimal transaction structure for the acquisition.

On June 24, 2025, TCL Asset Group Inc. announced that it has been awarded the contract to manage the sale of surplus assets from Stornoway Diamonds Inc.'s Renard Diamond Mine Site. TCL will be conducting a Liquidation of the Diamond Recovery Facility and Tomra Sorting System.

Owners

SourceSource
CompanyInterestOwnership
Stornoway Diamonds Corp. 100 % Indirect
Stornoway Diamonds Corp. has a 100% interest in the Renard Diamond Mine through its wholly-owned subsidiary, Stornoway Diamonds (Canada) Inc. (SDCI).

Since Stornoway went bankrupt, Deloitte was appointed as trustee. Stornoway got delisted from TSX (since September 2019).

On 3 April 2024, Winsome Resources acquired an option to purchase the Renard Mine. Winsome is in discussions with Stornoway in relation to the final form of the transaction agreement.

During the December 2024 Quarter, Winsome elected to pre-emptively extend the Option period by 2 months from 31 December 2024 to 28 February 2025.

Deposit type

  • Kimberlite

Summary:

The Renard kimberlites were emplaced into granitic and gneissic host rocks, and contain diamonds of economic interest. The bodies comprise a late Neo-Proterozoic to Cambrian kimberlite field in Québec (Girard, 2001; Moorhead et al., 2002; Letendre et al., 2003).

To date, nine kimberlite pipes have been identified over a 2 km2 area in the Renard Cluster (Renard 1 to Renard 10; with Renard 5 and Renard 6 forming one body, referred to as Renard 65). The kimberlite pipes are typically spaced between 50 m and 500 m from each other. Geophysical data and drill information from delineation and bulk sampling programs indicate that, in general, most of the Renard kimberlites are irregular and elliptical in plan view. Surface areas of the kimberlite portion of the pipes range from 0.1 ha to 2.0 ha. Two laterally extensive kimberlite dyke systems, known as the Lynx and Hibou dykes, have been identified to the west and northwest of the pipe cluster, respectively. Portions of both dykes are included in the mineral resource estimation. Additional dyke like kimberlites have been discovered elsewhere on the property. These are not included in the mineral resource estimation but may warrant additional work at a later date.

Reserves

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Mining Methods

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Required Heavy Mobile Equipment

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Comminution

Crushers and Mills

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Processing

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Commodity Production

CommodityUnits2019201820172016LOM (Projected)
Diamond k carats 1,950 ^1,324 1,643 449 22,264 
All production numbers are expressed as mineral. ^ Guidance / Forecast.

Operational metrics

Metrics202120202019201820172016
Tonnes processed  ....  Subscribe  ....  Subscribe2,556,459 t2,328,300 t1,956,436 t399,162 t
Ore tonnes mined  ....  Subscribe  ....  Subscribe2,115,522 t2,228,273 t2,074,827 t
Daily milling capacity  ....  Subscribe  ....  Subscribe6,000 t6,000 t
Total tonnes mined  ....  Subscribe  ....  Subscribe4,475,854 t7,840,130 t
Plant annual capacity  ....  Subscribe  ....  Subscribe2.16 Mt

Production Costs

CommodityUnits20182017
Cash costs Diamond CAD 100.4 / carat   53.6 / carat  

Operating Costs

Currency20182017
Total operating costs ($/t milled) CAD  ....  Subscribe  ....  Subscribe

Mine Financials

Units201920182017
Capital expenditures (planned) M CAD 75  
Capital expenditures M CAD 88.2   126.9  
Revenue M CAD 165.5   196.5  
Gross profit M CAD -61.7   47.3  
Pre-tax Income M CAD -258.1   -143.3  
EBITDA M CAD -7.9   85  
Operating Cash Flow M CAD 7   65.9  

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Feb 8, 2025
....................... Subscription required ....................... Subscription required Subscription required Feb 8, 2025
....................... Subscription required ....................... Subscription required Subscription required Feb 8, 2025

Workforce

Aerial view:

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