02:24:30 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Diamond & Specialty Minerals Summary for May 24, 2017

2017-05-24 20:43 ET - Market Summary

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 Wednesday was a poor 45-81-131. The TSX Venture Exchange lost one point to 802 while polished diamond prices edged upward. Patrick Evans's Mountain Province Diamonds Inc. (MPVD) lost 12 cents to $3.77 on 177,000 shares. The company declared production at its new Gahcho Kue mine at the beginning of March but it has yet to record its production as revenue, or its expenses.

Dermot Desmond and Dr. Rory Moore's Kennady Diamonds Inc. (KDI), down one cent to $3.40 on 101,000 shares, has the diamond counts from its 262.6-tonne mini-bulk test of Faraday-2, one of several rich pipes at its Kennady North project, 10 kilometres northeast of Gahcho Kue in the Northwest Territories. The rock produced 737.6 carats of diamonds larger than a 0.85-millimetre sieve, or about 2.81 carats per tonne. This was in line with the 2.69-carat-per-tonne result obtained in a much smaller test completed last year.

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

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed