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Diamond & Specialty Minerals Summary for March 9, 2017

2017-03-09 21:15 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a bleak 48-88-119. The TSX Venture Exchange fell four points to 788 while polished diamond prices edged higher. Glenn Kelly's Orbite Technologies Inc. (ORT) lost one cent to 22.5 cents on 3.01 million shares. The company is edging toward production at its high-purity alumina plant on Gaspe peninsula at a glacial pace.

Ken MacNeill and George Read's Shore Gold Inc. (SGF) gained one cent to 19 cents on 2.11 million shares. The company, oft accused of being quieter than a field mouse under the eye of a hungry hawk, provided a lengthy update this week. The news covered the work Shore has been doing toward an updated feasibility study of its Star-Orion South project in central Saskatchewan. The study is several months late -- at least to investors who recall the company half-heartedly saying that it could be finished late last year -- and the latest news suggests a reason why.

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