00:31:55 EDT Thu 20 Sep 2018
Enter Symbol
or Name

Diamonds Summary
Symbol C : *MKTDIAM
Recent Sedar Documents

Diamond & Specialty Minerals Summary for Oct. 11, 2017

2017-10-11 21:00 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a bleak 53-86-124. The TSX Venture Exchange fell two points to 791 while polished diamond prices gained 0.2 per cent. Try as it might, Ken MacNeill and George Read's Shore Gold Inc. (SGF) cannot break free of its 20-cent tether. Shore dropped one-half cent to 20 cents on 423,000 shares today.

Matt Manson's Stornoway Diamond Corp. (SWY), down one cent to 79 cents on 256,000 shares, had a so-so third quarter at its Renard diamond mine in Northern Quebec. The company produced 442,154 carats during the summer quarter, averaging 0.87 carat per tonne from the 506,381 tonnes of kimberlite that it processed. The kimberlite processed was about 6 per cent less than the 540,000 tonnes projected, but the carat crop was 5 per cent higher than the 422,475 carats Stornoway had been expecting during the quarter. This pleasing result was because of what Mr. Manson, president and chief executive officer, called a "12 per cent beat on recovered grade."

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2018 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.