Shear Diamonds is announcing the resignation of its CFO and two of its directors. Due to other significant time commitments both Pamela Strand and David Prince have resigned from the board of directors of Shear Diamonds. Greg Powell, CFO has also resigned. Shear's management and directors thank Mr Prince and Ms Strand for their efforts and guidance [...]
Shear Diamonds is updating its financial and operational status. On September 4, 2012 Shear announced that it had suspended production of its high grade stockpiles at its 100% owned Jericho diamond mine as a result of continuing weak world diamond prices. That decision was made following discussion with Shear's diamond marketing partner and lender [...]
Shear Diamonds announces that it has suspended production of its high grade stockpiles at the 100% owned Jericho diamond mine as a result of continuing weak world diamond prices. During this interim phase and until prices improve, Shear will look at exploration assets proximal to the Jericho site such as its Carat and Muskox properties, coupled [...]
Shear Diamonds is providing a processing update and is pleased to announce the appointment of Mr. Manuel Rappaport to Shear's board of directors. Mr. Rappaport is a well-respected, experienced financial consultant with over 15 years in the diamond industry. He is currently a Financial and Operational Consultant for Tache Company, Shear's diamond [...]
Shear is providing a processing and operations update and also announces the appointment of a new Chief Financial Officer. Shear is providing a processing and operations update with respect to the high grade concentrate stockpiles at its Jericho diamond mine: On July 6, 2012 Shear delivered its second parcel of diamonds to Tache Company N.V [...]
Shear Diamonds is providing a processing and operations update with respect to the high grade concentrate stockpiles at its Jericho diamond mine: Shear has been successfully in 24 hour operations since June 15, 2012. Since commencing 24 hour operations, Shear's average production rate has been in excess of 80 tonnes per day. Shear's average [...]
Shear Diamonds is providing a processing and operations update with respect to the high grade concentrate stockpiles at its Jericho diamond mine: On May 29, 2012 Shear delivered its first parcel of diamonds to Tache Company, Shear's diamond marketing partner, for sale into end markets. This first parcel amounted to 11,317.98 carats. Pending [...]
Shear Diamonds is pleased to announce that it has begun processing its high grade concentrate stockpiles at its 100%-owned Jericho Diamond Mine in Nunavut. A total of approximately 3,500 carats have been recovered from 358 tonnes after the first 10 full days of processing. For approximately the next 10 months, operations will be focused on the [...]
Shear Diamonds Ltd.announces the closing of its previously announced private placement equity financing. Shear has issued 2,787,446 conventional common share units at $0.36 per unit and 4,640,600 flow-through common share units at $0.40 per unit for gross proceeds of approximately $2.85 million. The securities issued under the Offering are subject [...]
Shear Diamonds announces today that Pamela Strand has taken on the role of President of the Chamber of Mines of Nunavut and the Northwest Territories and a related senior management change, and also announces that it has engaged M Partners for a $5,000,000 equity financing.
Shear Diamonds is pleased to announce that further to our press release dated December 22, 2011, the final approval for an eight year Type A water license has been received from the Minister of Aboriginal Affairs and Northern Development for the Jericho Diamond Mine. The Jericho Mine's previous water license was for six years, and it is Shear's [...]
Shear Diamonds is pleased to announce that the Nunavut Water Board ("NWB") issued a positive decision on the water license application for the Jericho Diamond Mine. The NWB has recommended to the Minister of Aboriginal Affairs Northern Development Canada that an eight year Type A water license be issued to its wholly-owned subsidiary, Shear [...]
