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Diamond & Specialty Minerals Summary for Nov. 1, 2017

2017-11-01 21:17 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a ho-hum 69-78-115. The TSX Venture Exchange gained three points to 789 while polished diamond prices dipped 0.1 per cent. Dean Taylor's Diamcor Mining Inc. (DMI) fell 3.5 cents to 38.5 cents on 160,000 shares. The company continues its never-ending -- and often profitable -- trial mining program at Krone-Endora at Venetia in South Africa.

Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD), down one-half cent to 13 cents on 513,000 shares, is waiting for caustic fusion results from the kimberlite recovered during drilling this summer at CH-6, its top pipe at Chidliak on southeastern Baffin Island. The company completed nearly 5,300 metres of delineation drilling across 15 holes in the program. That was less than the 7,500 metres initially proposed as the work went slower than expected. Nevertheless, Mr. Peregoodoff, president and chief executive officer, and Mr. Friedland, executive chairman, were plenty pleased with the outcome as some of the holes encountered significantly more kimberlite than Peregrine had modelled.

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