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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a buoyant 54-49-162. The TSX Venture Exchange sank 14 points to 867 while polished diamond prices were flat. Robert Gannicott's Dominion Diamond Corp. (DDC) slipped two cents to $16.02 on 218,000 shares. The company should have third-quarter production data for its Diavik and Ekati mines shortly. Investors expect more good news. Iamgold Corp. (IMG) gained three cents to $2.95 on 2.37 million shares. The company is selling the Niobec niobium mine in Quebec, which it acquired in 2006 through its takeover of Cambior Inc., for over $500-million. The mine has been a strong performer but Iamgold wanted to spruce up its balance sheet in the face of falling gold prices.

Patrick Evans's Kennady Diamonds Inc. (KDI) slumped $2.61 to $5.38 on 172,000 shares on the diamond counts from its mini-bulk test of Kelvin, its main kimberlite at Kennady North, just northeast of Gahcho Kue in the Northwest Territories. Mr. Evans, unaccustomed to delivering bad news since he became CEO of Kennady's sister company, Mountain Province Diamonds Inc. (MPV: $5.43) in 2007, said the "sample grade" of 2.16 carats per tonne -- was "in line with our guidance of better than two carats per tonne." Unfortunately, Kennady had to include results of last year's 4.3-tonne test, which averaged 4.32 carats per tonne, to reach that line. Left on its own, the 2014 test managed just 44.64 carats from 24.97 tonnes of kimberlite, an average of 1.79 carats per tonne.

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