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Diamond & Specialty Minerals Summary for Aug. 8, 2023

2023-08-08 20:41 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a weak 65-111-134 as the TSX Venture Exchange fell eight points to 607. Lithium stocks took a hit today. American Lithium Corp. (LI), which fell 27 cents to $2.05 on 1.88 million shares and Lithium Americas Inc. (LAC), which dropped 93 cents to $24.98 on 705,000 shares, were among those moving lower today.

Dean Taylor's Diamcor Mining Inc. (DMI) fell 1.5 cents to 11 cents on 150,000 shares. The company cheers its performance in fiscal 2023, which ended March 31, as having delivered a reduced net loss of just $762,000. That is an improvement over the $2.45-million loss the company racked up a year earlier. Diamcor has been recovering diamonds from gravels quarried at its Krone-Endora at Venetia project in South Africa for the past decade, in what has been a mine in everything but name -- and then only when the regulators are around.

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