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by Will Purcell
The diamond and specialty minerals stocks box score for Thursday was a cheerful 60-33-158. The TSX Venture Exchange gained 15 points to 545 while polished diamond prices inched downward. Robert Gannicott and Brendan Bell's Dominion Diamond Corp. (DDC) had its first up day since it traded at $17.16 last week, jumping 75 cents to $15.33 on 451,000 shares. The company reported better sales in its second quarter than in its first, but they were well off those of a year ago. Not to worry: Mr. Bell, CEO, says the company's dividend of 40 U.S. cents is "sustainable." Aubrey Eveleigh's Zenyatta Ventures Ltd. (ZEN) gained four cents to $1.40 on 38,000 shares. The company is seeking novel ways to promote its Albany graphite deposit in Northern Ontario.
Patrick Evans's Kennady Diamonds Inc. (KDI) gained six cents to $3.62 on 188,000 shares. Kennady, just $3 earlier this week, jumped 39 cents Wednesday after Mr. Evans applied his usually effective spin to the company's mini-bulk test results at Kelvin, 10 kilometres northeast of Gahcho Kue in the Northwest Territories. The 442.5 tonnes of dry kimberlite produced 892.86 carats of diamonds larger than a 0.85-millimetre mesh. Including diamonds smaller than a 1.18-millimetre sieve probably added roughly 50 carats, enough to allow Kennady to reach the promotionally important two-carat-per-tonne hurdle with a grade of 2.02 carats per tonne.
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