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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a bleak 56-116-138 as the TSX Venture Exchange fell seven points to 522. Sean Roosen's --but soon to be Jason Attew's Osisko Gold Royalties Ltd. (OR) lost 49 cents to $18.09 on 1.13 million shares.

Looking to buy a diamond mine? Well, step right up, says Deloitte Restructuring Ltd., which is handling the (latest) bankruptcy of Stornoway Diamonds Canada Inc. and its Renard mine in north-central Quebec. Renard, in case you have been living under a rock for the past 20 years, was the $800-million creation of then public Stornoway Diamond Corp. The mine hit production in the fall of 2016 but foundered on the shoals of weak rough diamond prices, crushing interest payments and a weaker than projected profile of diamond production.

Stornoway went bankrupt the first time in 2019, leaving the then public company's secured creditors, a group led by Osisko Gold Royalties and Investissement Quebec, an arm of the Quebec government that invests in Quebec resource developments. Each were left with a 35.1-per-cent interest in Renard after the bankruptcy, with two other secured creditors sharing the remaining 29.8-per-cent interest.

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