Contact Diamond Corporation

Ashton Board Agrees to New Merger Plan

A proposal from Stornoway Diamond (SWY-T, SWYDF-O) to merge Ashton Mining of Canada (ACA-T, AMCFF-O) into one of its wholly owned subsidiaries has met the Ashton board’s approval.

Agnico sets earnings benchmark

High prices for its byproducts saw gold production costs on the decline for Agnico-Eagle Mines (AEM-T, AEM-N), fuelling record third-quarter earnings for the Toronto-based company.

Stornoway, Rio change break fee (September 11, 2006)

Stornoway Diamond (SWY-T, SWYDF-O) and Rio Tinto (RTP-N, RIO-L) have agreed to changes in their lock-up agreement that would see a $2-million break fee paid out to all shareholders of Ashton Mining of…

Ashton rejects Stornoway offer

The board at Ashton Mining of Canada (ACA-T, AMCFF-O) has rejected the takeover bid for the company made by Stornoway Diamond (SWY-T, SWYDF-O), and is talking to other possible bidders to get a better…

Diamonds from Ashton Mining of Canada's largest project, a joint venture with Quebec-owned Soquem, the Foxtrot property in northern Quebec. At Foxtrot, Ashton has outlined the nine Renard kimberlite bodies with diamond grades estimated at 0.08 to 1.24 carats per tonne. Ashton is running a $29-million exploration program there this year.

Stornoway bids for Ashton, Contact

Stornoway Diamond (SWY-T) is offering to take over two other diamond explorers to create a $200-million company, and has lined up agreements with controlling shareholders that make the deal look likel…

Ashton declines politely

The board of Ashton Mining of Canada (ACA-T) has come out swinging at bidder Stornoway Diamond (SWY-T), calling Sto…

Stornoway Diamond president and CEO Eira Thomas (right) prepares core for transport from the Aviat diamond property on the Melville Peninsula in Nunavut.

High-interest source eludes Churchill JV

Despite discovering 17 new kimberlite bodies during the 2005 spring and summer drilling campaign at the Churchill project in eastern Nunavut, disappointing microdiamond results illustrate the fact tha…

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