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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a 50-50-150 draw. The TSX Venture Exchange fell fractionally to 688 while polished diamond prices edged lower. Robert Gannicott's Dominion Diamond Corp. (DDC) gained 13 cents to $21.79 on 226,000 shares. Dominion was expected to reveal its annual financials for its latest fiscal year after the close today. As well, Dominion said late last year it planned to declare a dividend for the first time in seven years. Donald Lay's Medallion Resources Ltd. (MDL) lost one cent to five cents on 7.82 million shares. The company is offering five million shares at five cents. The $250,000 is for metallurgical studies, monazite feedstock acquisition activities, plant site selection and working capital -- in other words, a little bit of everything but not enough for anything substantial.

Patrick Evans's Mountain Province Diamonds Inc. (MPV), down four cents to $4.49 on 275,000 shares, has closed its $370-million (U.S.) term loan. The cash is needed to cover the company's 49-per-cent share of costs associated with construction of a big diamond mine at Gahcho Kue, 250 kilometres northeast of Yellowknife. (The facility has a maximum seven-year term and carries an effective interest rate of about 6 per cent.) Mr. Evans, CEO since 2007, says Mountain Province and its co-venturer, De Beers Canada, are on budget and schedule with their mine, which is projected to cost $860-million including contingencies and working capital.

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