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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a positive 71-65-130. The TSX Venture Exchange gained one point to 731 while polished diamond prices rose 0.4 per cent. Ken MacNeill and George Read's Shore Gold Inc. (SGF) closed unchanged at 19 cents on 246,000 shares. The company will be launching its winter tour on the dog and pony circuit with an appearance at the Mines and Money forum in London next week. Shore thinks it has a mine but it desperately needs the money, perhaps $2-billion, to get Star-Orion South into production.
Matt Manson's Stornoway Diamond Corp. (SWY), down two cents to $1.01 on 1.72 million shares, has sold its first batch of diamonds from its new Renard mine in north-central Quebec. The 10-day sale, which concluded Wednesday in Antwerp, saw buyers pay $7.6-million (U.S.) for 38,913 carats, an average of $195 (U.S.) per carat. That handily topped the latest estimate of the average diamond value of $155 (U.S.) per carat at Renard, set in March, but Mr. Manson, chief executive officer, says the result "cannot be taken as representative of the longer-term pricing profile" for the mine's production.
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