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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for Nov. 10, 2017

2017-11-10 21:15 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was a rousing 93-62-124. The TSX Venture Exchange gained three points to 796 while polished diamond prices fell slightly. Eric Friedland and Tom Peregoodoff's Peregrine Diamonds Ltd. (PGD) closed unchanged at 13.5 cents on 102,000 shares. The company is expecting diamond counts from kimberlite drilled this summer from the depths of CH-6.

Ken MacNeill and George Read's Shore Gold Inc. (SGF), up one cent to 18 cents on 276,000 shares, says that it is still waiting for the Saskatchewan government to conclude consultations with potentially affected First Nations and Metis communities ahead of a decision regarding the company's plan to build its mammoth Star-Orion South diamond mine in central Saskatchewan. While the project got federal government approval in 2014, the provincial process continues to drag on, to the chagrin of the company's retail shareholders. Still, even a favourable decision may not be the end of the matter, depending on what changes to the original mine plan that Shore and its new partner, Rio Tinto PLC, develop over the next few years.

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