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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was an upbeat 49-37-150. The TSX Venture Exchange gained three points to 542 while polished diamond prices fell another 0.2 per cent. Lukas Lundin's Lucara Diamond Corp. (LUC) gained five cents to $1.69 on 325,000 shares. The company has recovered from a late September low of $1.42 as worries of a meltdown in the rough diamond market have abated. Anthony Huston's Graphite One Resources Inc. (GPH) closed unchanged at eight cents on 1.17 million shares. The company has just raised $1.35-million for its Graphite Creek project in Alaska.

Patrick Evans's Mountain Province Diamonds Inc. (MPV) gained three cents to $4.21 on 69,000 shares. Construction of Gahcho Kue, a billion-dollar diamond mine 250 kilometres northeast of Yellowknife, is 70 per cent complete. (De Beers Canada, the operator, has a 50.1-per-cent interest in the project.) Mr. Evans also says the project "continues to meet our lending group's test to completion" -- which presumably means expenditures are within the proposed budget. He says Mountain Province expects to have drawn down nearly $160-million (U.S.) by the end of the year, adding that the mine should achieve production in the second half of 2016.

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