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Diamond & Specialty Minerals Summary for Aug. 23, 2019

2019-08-23 18:52 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Friday was a positive 73-66-161 as the TSX Venture Exchange gained three points to 581 while polished diamond prices were flat. Stornoway Diamond Corp. (SWY) dipped to its lifetime low, ending the day down one-half cent to 1.5 cents on 11.12 million shares. The TSX said today that the company's stock is under delisting review.

Claudia Tornquist and Christopher Taylor's Dunnedin Ventures Inc. (DVI) closed unchanged at nine cents on 60,000 shares. The company said this week that it trenched 46 metres of rock averaging 0.89 per cent copper at its MPD porphyry project in British Columbia. What it did not say was anything about its Kahuna diamond project, northeast of Rankin Inlet in Nunavut. That is disappointing to diamond investors who had been hoping to hear this year that the company has finally cracked the secret of Kahuna, which has produced big but nearly barren kimberlite pipes and small but rich dikes over the past 15 years.

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