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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a 59-59-139 draw. The TSX Venture Exchange fell one point to 791 while polished diamond prices were flat. Jim Gowans's Dominion Diamond Corp. (DDC) gained 17 cents to $17.50 on 217,000 shares. The company has been doing well at its Ekati and Diavik mines despite a slump in rough diamond prices, but it took word of a potential takeover bid to elevate its stock earlier this year.
Terry Tucker's Tango Mining Ltd. (TGV), unchanged at 3.5 cents on 973,000 shares, recovered another 311 diamonds weighing a total of 465 carats from mid-April to mid-May at its Oena alluvial project in South Africa. A month earlier, the company recovered 199 diamonds weighing a total of 312 carats. Tango has now recovered a total of 1,331 carats at Oena since it acquired the project and began trial mining late last year. The company sold 527 carats in its latest sale, averaging $812 (U.S.) per carat, helped by an 8.92-carat stone that sold for $2,199 (U.S.) per carat and a 7.35-carat stone that fetched $3,201 (U.S.) per carat. Tango's sales so far have averaged $1,100 (U.S.) per carat, largely thanks to a 36.34-carat gem that sold for $6,054 (U.S.) per carat last fall.
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