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Diamond & Specialty Minerals Summary for June 16, 2016

2016-06-16 21:28 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a mediocre 63-73-120. The TSX Venture Exchange lost four points to 709 while polished diamond prices were flat. Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC) slid 20 cents to $3.89 on 3.53 million shares. The company is poised to auction the 1,109-carat diamond it recovered from its Karowe mine last fall. Its 813-carat sister recently sold for $63.1-million (U.S.).

Ken MacNeill and George Read's Shore Gold Inc. (SGF), up one-half cent to 18.5 cents on 137,000 shares, is touting a new mine plan for its Star-Orion South project in central Saskatchewan that could significantly cut the $2-billion price tag for its proposed mine. The details will not be clear until the company updates its feasibility study late this year. Nevertheless, Mr. Read, Shore's vice-president of exploration, revealed key parts of his plan at the company's annual general meeting on Monday.

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Nebraska where pipeline was not approved for fear of acquifer contamination, but rare metal Nb will be ok to open pit or underground mine?

Posted by hmmm at 2016-06-17 00:12

Yes, that Nebraska.

Will

Posted by Will Purcell at 2016-06-17 17:25


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