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Diamonds & Specialty Minerals Summary for Feb. 25, 2015

2015-02-25 20:14 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a disappointing 49-61-142. The TSX Venture Exchange gained seven points to 699 while polished diamond prices jumped another 0.25 per cent. Lukas Lundin's Lucara Diamond Corp. (LUC) traded actively but fell eight cents to $1.94 on 1.30 million shares. Lucara reported a $45.7-million (U.S.) profit in 2014, enough that it has become Canada's only dividend-paying diamond stock. The company paid eight cents per share last year. (Robert Gannicott's Dominion Diamond Corp. (DDC), which jumped 31 cents to $21.67 on 304,000 shares, has promised to resume paying dividends this year, an amount unlikely to be anywhere near the $1 (U.S.) annual dividend it paid through the mid-2000s.) Bruce Duncan's Canada Carbon Inc. (CCB) lost one cent to 27.5 cents on 1.69 million shares. The company is drilling its Miller graphite project in southwestern Quebec. Lately it has been touting Miller as a potential source of marble as well.

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