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Diamond & Specialty Minerals Summary for Dec. 27, 2018

2018-12-27 19:35 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a mediocre 84-83-123. The TSX Venture Exchange added four points to 537 while polished diamond prices were flat. Dermot Desmond's Mountain Province Diamonds Inc. (MPVD), which had sunk to a low of $1.54 in mid-December, then clawed its way back to near the $2 mark on Christmas Eve, saw its six-session advance come to an end today. It lost seven cents to $1.88 on 97,000 shares. The company should reveal the result of its December rough diamond sale shortly.

John Jewitt's (and formerly Ellen Clements's) New Nadina Explorations Ltd. (NNA: $0.075) is again making noise -- the promotional kind, not the hopeful rumbles of drilling and blasting -- at its Monument diamond project, on the south shore of Lac de Gras in the Northwest Territories. Mr. Jewitt, the company's new president and chief executive officer since he replaced Ms. Clements in September, says that the project is currently being re-evaluated. A five-year-plan is being developed as a part of that review, Mr. Jewitt adds, and a proposal will be submitted to the Monument joint-venture partnership for approval.

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