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 Tuesday was a ho-hum 61-65-140. The TSX Venture Exchange gained one point to 796 while polished diamond prices were flat. Matt Manson's Stornoway Diamond Corp. (SWY) lost two cents to 94 cents on 1.36 million shares. The company is wrapping up its second sale of diamonds from its Renard mine in Quebec. The market seems apprehensive as Stornoway did not sell many of the smaller diamonds it offered in its first sale last fall.

Dominion Diamond Corp. (DDC), up five cents to $13.48 on 412,000 shares, had a so-so year at Diavik in 2016, but it expects to do significantly better this year. The mine produced 6.66 million carats last year from 2.21 million tonnes of kimberlite. The processing rate, an average of about 6,250 tonnes per day, is essentially unchanged from Diavik's days as an open-pit operation. (Diavik's mining engineers and miners should get a lot of credit for the mine's underground performance, given the gloom and doom offered by analysts and investors when the company first proposed the transition to underground mining several years ago.)

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