10:34:30 EDT Sat 19 Oct 2019
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for Dec. 17, 2018

2018-12-17 19:18 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 Monday was a bleak 49-96-145. The TSX Venture Exchange fell nine points to 546 while polished diamond prices edged lower. Lukas Lundin's Lucara Diamond Corp. (LUC) dropped five cents to $1.51 on 602,000 shares. There has been no news in over a month from Lucara, which mines diamonds in Botswana.

Dev Shetty's Fura Gems Inc. (FURA), down two cents to .305 cents on 15,000 shares, has a resource estimate for its Coscuez emerald deposit in Colombia. Fura acquired its 76-per-cent interest in Coscuez early this year for $2.5-million (U.S.) in cash and just over 360,000 shares. The deal gives Fura a majority stake in what Mr. Shetty, president and chief executive officer, calls "the iconic Colombian emerald mine." Fura must also make staged payments of $7.5-million (U.S.) over the next two years, and there are additional payments that it must make to its now minority co-venturer, Emporium HS SAS. To help make its payments -- and continue work on the project -- Fura has sold 13.1 million shares at 40 cents, raising $5.25-million.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2019 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.