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Diamond & Specialty Minerals Summary for May 10, 2019

2019-05-10 18:27 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a ho-hum 62-59-179 as the TSX Venture Exchange added seven points to 599 and polished diamond prices dropped 0.1 per cent. Mark Smith's Largo Resources Ltd. (LGO) got as high as $1.99 Thursday before tripping an exchange circuit breaker. It must have been a low-amperage fuse, as big swings are common with Largo's stock. Today, it added two cents to $1.81 on 3.5 million shares but was as high during the session as $1.93.

Ken MacNeill and George Read's Star Diamond Corp. (DIAM) closed unchanged at 25 cents on 457,000 shares. Mr. Read, senior vice-president, says that Rio Tinto Exploration Canada Inc., the company's co-venturer at the Fort a la Corne diamond project in central Saskatchewan, "has initiated field activities and programs on several fronts." In other words, there are finally signs of activity after Rio abruptly called off the first deep trench at the Star kimberlite last fall before reaching the top of the kimberlite.

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