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by Will Purcell
The diamond and specialty minerals stocks box score for Wednesday was a cheerful 82-53-129. The TSX Venture Exchange gained 10 points to 834 while polished diamond prices inched higher. Dominion Diamond Corp. (DDC) gained seven cents to $11.77 on 445,000 shares. The company's stock remains in the doldrums this summer after trading as high as $24.60 a year ago. The company is buying back stock and musing about increasing its dividend rate.
Matt Manson's Stornoway Diamond Corp. (SWY), up four cents to $1.14 on 1.99 million shares, continues to seek Quebec diamonds while it ramps up the province's first diamond mine at Renard toward full production. Mr. Manson, president and chief executive officer since the late 2000s, says Stornoway's exploration programs "are continuing on generative diamond exploration projects" in Canada. The company optioned off a majority interest in its previous generative diamond project, Pikoo in Northern Saskatchewan, and it declined to claw back a 20-per-cent interest that would have doubled its current share of the project. (Based on the latest results, that appears a good decision.)
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