Star Diamond reports $1.5m Loss Ahead of Care and Maintenance

By John Jeffay / August 17, 2022 / www.idexonline.com / Article Link

(IDEX Online) - Canadian miner Star Diamond has announced a first-half net loss, up to 30 June, of $1.5m, down from $3.1m for the same period in 2021.It blamed ongoing operating costs and the fact that exploration and evaluation expenditures had exceeded interest and other income earned. Star Diamonds joint venture partner Rio Tinto Canada, which holds a 75 per cent stake in the Fort ?? la Corne mineral properties which they operate together in Saskatchewan, said last month that it was reviewing its options and warned it could pull out of the project completely.The Star-Orion South mine (pictured), part of Fort ?? la Corne, is due to be put on care and maintenance from the end of this year.The two companies have been tangled in legal rows over alleged overspending on exploration costs and damage to diamonds at Star-Orion South.

Recent News

Global trade tensions ease and inflation continues to decline

May 19, 2025 / www.canadianminingreport.com

Gold stocks down as metal slumps and equities rise

May 19, 2025 / www.canadianminingreport.com

Big Gold has another strong quarter, but some signs growth cooling

May 12, 2025 / www.canadianminingreport.com

Gold stocks nearly regain highs on rising metal price

May 12, 2025 / www.canadianminingreport.com

Gold stocks down as risk on move continues

May 05, 2025 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok