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Diamonds & Specialty Minerals Summary for Dec. 3, 2014

2014-12-03 18:47 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was an upbeat 60-50-156 as the TSX Venture Exchange gained one point to 721. Polished diamond prices inched upward after slumping nearly 3 per cent in the wake of Black Friday shopping. Robert Gannicott's Dominion Diamond Corp. (DDC), rolled to another six-year high of $19.41 today before closing up 25 cents to $19.35 on 327,000 shares. The company will reveal its quarterly results next week but most of the information is already public: the company's Ekati and Diavik mines are running better than predicted. Craig Scherba and Richard Schler's Energizer Resources Inc. (EGZ) fell one cent to 12 cents on 1.33 million shares. The company has been silent for weeks and its stock is trading for less than half the 30.5 cents it (briefly) commanded in mid-September. That spurt followed a third-party puff piece naming Energizer's Molo graphite project in Madagascar as a possible supplier of graphite for Tesla Motors' proposed battery gigafactory in Nevada.

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