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Diamond & Specialty Minerals Summary for Oct. 12, 2023

2023-10-12 20:35 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a mediocre 75-97-138 as the TSX Venture Exchange fell five points to 528. The Lundin family's Lucara Diamond Corp. (LUC) dropped two cents to 36 cents on 45,000 shares. October began with word of two more departures from the company's head office. Zara Boldt has resigned as chief financial officer and corporate secretary effective the end of the year, and Dr. John Armstrong, vice-president of technical services, has resigned effective the end of November.

This continues a wholesale change in Lucara's corporate structure that abruptly began in mid-August with word that Dr. William Lamb would return as president and chief executive officer, "replacing Eira Thomas" who had replaced Dr. Lamb five years earlier. There was no mention of any "resignation," or of a departure date with Ms. Thomas's departure. Indeed Dr. Lamb was signing documents as CEO from the start -- driving informed speculation that Ms. Thomas had been given the old corporate heave-ho by Lucara's board.

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