Renard Diamond Mine definition

Renard Diamond Mine means the Renard diamond mine located in north-central Québec, which is held by SDCI.
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Renard Diamond Mine means the diamond mine located in the James Bay region of north-central Québec operated by Stornoway.
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Renard Diamond Mine means Stornoway’s 100% owned Renard diamond mine located in north-central Québec, which is held through its wholly-owned subsidiary SDCI.
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Examples of Renard Diamond Mine in a sentence

  • The Trieste Project consists of 304 claims (>15,688 hectares) and is located 60 kilometres north-north-west of the Renard Diamond Mine of the James Bay territory.

  • Starting September 1, 2014, interest and accretion are capitalized under Mine Under Construction in Property, Plant and Equipment until construction of the Renard Diamond Mine is complete.

  • The Corporation’s objective with respect to financial risk management is to manage risks that can be managed within acceptable tolerance levels in order to reduce potential adverse effects on the Corporation’s ability to develop and operate the Renard Diamond Mine and to have sufficient financial resources to meet its financial obligations, including repayment of debt and convertible debentures as they become due.

  • Principal repayments made quarterly, in arrears, commenced in the month following the Renard Diamond Mine reaching commercial production, which was April 1, 2017, and ending at maturity date, on October 1, 2027.

  • The Corporation’s primary asset is the Renard Diamond Mine in Québec, Canada where construction commenced in July 2014.

  • Osisko became a 35.1% shareholder of the private entity holding the Renard diamond mine on November 1, 2019 (refer to section Credit Bid Transaction - Renard Diamond Mine).

  • On July 8, 2014, FCDC entered into a diamond streaming agreement (the “Stream”), pursuant to which FCDC shall sell to the Stream Buyers, and the Stream Buyers shall purchase from FCDC, a 20% undivided interest in each of the run of mine diamonds produced from certain kimberlite bodies over the life of the Renard Diamond Mine.

  • Mr. Manson was previously the President and CEO of Stornoway Diamond Corporation where he led the C$947M project financing for the Renard Diamond Mine in north central Quebec and oversaw its successful construction and ramp-up.

  • In addition, SDCI must place the lesser of US$1.5 million and 10% of the outstanding principal balance of the leases into an account for the benefit of Caterpillar until the first anniversary of completion of the Renard Diamond Mine (the “debt service reserve account” or “DSRA”).

  • In addition, SDCI must place the lesser of US$3.0 million and 10% of the outstanding principal balance of the leases into an account for the benefit of Caterpillar until the first anniversary of completion of the Renard Diamond Mine (the “debt service reserve account” or “DSRA”).


More Definitions of Renard Diamond Mine

Renard Diamond Mine means the Renard diamond mine located in north-central Québec, which is held by SDCI. "Renard Stream" means a 9.6% diamond stream on the Renard Diamond Mine.
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