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 Monday was a sad 39-65-147. The TSX Venture Exchange fell three points to 678 while polished diamond prices inched upward. Matt Manson's Stornoway Diamond Corp. (SWY) gained three cents to 78 cents on 5.04 million shares. The company is building an $850-million diamond mine at Renard, in the Otish Mountains of Quebec. The work is on schedule and within budget, and Stornoway expects to be in production early in 2017. Cristiano Melcher's MBAC Fertilizer Corp. (MBC) says it lost $43-million (U.S.) in 2014. It is also facing two lawsuits in Brazil regarding its mothballed Itafos mine. Further, the company says its "strategic process" to cut its debt has produced some interest from potential buyers or partners for Itafos. All this is apparently good news, as MBAC jumped 3.5 cents to 10 cents on 10.7 million shares.

Patrick Power's Arctic Star Exploration Corp. (ADD) and North Arrow Minerals Inc. (NAR: $0.50) are resuming work on the Redemption project, southwest of Lac de Gras in the Northwest Territories. Arctic Star, down one cent to 3.5 cents on 17,000 shares, began working in the area in 2004 and mounted spring drill programs for several years, chasing a train of kimberlite indicators across an erratic path that seemed to add an abrupt turn each year. The company appeared to give up in 2010 after it repeatedly failed to hit kimberlite.

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