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Diamond & Specialty Minerals Summary for July 2, 2019

2019-07-02 20:46 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Tuesday was a weak 66-79-149 as the TSX Venture Exchange fell fractionally to 586 and polished diamond prices inched higher. Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC), about the only Canadian-listed diamond company still making solid profits, dipped one cent to $1.57 on 637,000 shares. Lucara's trickle of large and exceptional gems from the Karowe mine in Botswana account for its good fortune.

Jamie Tuer and Jim Cambon's Hudson Resources Inc. (HUD), unchanged at 45 cents on 34,000 shares, expects to ship its first batch of anorthosite produced at its White Mountain mine in western Greenland. The shipment of material, which the company calls GreenSpar, is scheduled for the last week in July. Approximately 15,000 tonnes of it will go to Charleston, S.C., where it will be broken up into individual batches for final shipment to various customers, says Mr. Cambon, president since early this year. (He replaced Mr. Tuer, who had founded Hudson as a Greenland diamond explorer in 2002.)

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