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 horrid 48-112-130. The TSX Venture Exchange lost seven points to 585 while polished diamond prices were flat. Ken MacNeill and George Read's Saskatchewan diamond explorer, Star Diamond Corp. (DIAM) lost one cent to 21 cents on 271,000 shares. The stock, save for a few brief dashes above 30 cents, has remained stuck near the 20-cent mark for the past six years.

Dermot Desmond's Mountain Province Diamonds Inc. (MPVD) slid 17 cents to $1.57 on 304,000 shares. The latest drop came on the heels of the company's three-year guidance for the Gahcho Kue mine in the Northwest Territories. The mine has been doing well on a processing basis and it is forecast to continue to do so. The company and its co-venturer, De Beers Canada, expect to recover between 6.6 million and 6.9 million carats next year from just over three million tonnes of kimberlite. Most of that kimberlite will come from the new Hearne pit; the rest will come from the 5034 pit, where the mine began in 2016.

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