05:34:03 EDT Wed 24 Apr 2024
Enter Symbol
or Name
USA
CA



Diamond & Specialty Minerals Summary for Feb. 16, 2017

2017-02-16 20:59 ET - Market Summary

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 Thursday was an upbeat 82-57-119. The TSX Venture Exchange gained five points to 843 while polished diamond prices inched higher. Dermot Desmond and Patrick Evans's Mountain Province Diamonds Inc. (MPVD) lost nine cents to $6.14 on 233,000 shares. Investors are hoping the company will have better success with its second sale of diamonds from Gahcho Kue than it did with its first. The new sale starts next week.

Grenville Thomas and Kenneth Armstrong's North Arrow Minerals Inc. (NAR), down one-half cent to 18.5 cents on 62,000 shares, has acquired a remaining 18-per-cent interest in the Qilalugaq diamond project in central Nunavut from Stornoway Diamond Corp. (SWY: $0.86). North Arrow is issuing two million shares, a payment that also covers Stornoway's remaining 15-per-cent interest in the Pikoo project in Northern Saskatchewan. (Stornoway retains a modest royalty at Qilalugaq and it will be entitled to a $2.5-million cash payment should North Arrow ever get Qilalugaq into production.)

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.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed