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 an upbeat 71-55-141. The TSX Venture Exchange gained 11 points to 783 while polished diamond prices inched higher. Dominion Diamond Corp. (DDC) gained 21 cents to $12.01 on 443,000 shares. The company suggested it would look at boosting its dividend this fall once the Ekati mine resumed production. The plant has been running for nearly a month, but there has been not a peep from Dominion about its dividend, currently 40 U.S. cents per year.
Bruce Duncan's Evolving Gold Corp. (EVG), up one cent to 32 cents on 17,000 shares, has "completed the planning" for exploration on its Toro diamond project, near its Lithium Lakes property in the James Bay district of Quebec. Mr. Duncan, chief executive officer, says that Evolving will map, prospect and till sample an area around about 12 of the 24 kimberlite targets it identified earlier this year on what is now Toro. Mr. Duncan says he is very excited to "so quickly be able to start work" on the anomalies, adding that the information gathered will help determine what anomalies are of interest for diamond exploration. (His heart may not be all for the hunt; in his next breath Mr. Duncan says "other types of mineralization" have not been ruled out in these same targets.)
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2024 Canjex Publishing Ltd. All rights reserved.