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Diamond & Specialty Minerals Summary for June 21, 2019

2019-06-21 19:28 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a 75-75-150 saw-off as the TSX Venture Exchange slipped fractionally to 592 and polished diamond prices fell 0.1 per cent. Lucara Diamond Corp. (LUC) gained eight cents to $1.63 on 2.05 million shares. The company has been silent since early May, when it reported a $7.4-million (U.S.) profit for its first quarter. Nemaska Lithium Inc. (NMX) gained one-half cent to 26.5 cents on 2.47 million shares. Nemaska continues to plod ahead with its Whabouchi lithium mine in Quebec, which is well over budget.

Randy Turner's Canterra Minerals Corp. (CTM) showed a rare sign of life Thursday, gaining one-half cent to 1.5 cents on 608,000 shares, its highest volume in the past few years. The company has dropped most of its diamond projects as payments or claims came due and the only significant one remaining, the Buffalo Hills project in Northern Alberta, remains on care and maintenance. Canterra holds a 33-per-cent interest in the project. Ken MacNeill and George Read's Star Diamond Corp. (DIAM: $0.195) holds a similar stake and Encana Corp. (ECA: $6.52) holds a 34-per-cent interest.

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