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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for Aug. 9, 2018

2018-08-09 19:29 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Thursday was a so-so 66-69-145. The TSX Venture Exchange rose fractionally to 699 points while polished diamond prices remained flat. Lukas Lundin and Eira Thomas's Lucara Diamond Corp. added two cents to $2.19 on 655,000 shares. The company earned $19.7-million (U.S.) during its second quarter.

Douglas Eaton and David Kelsch's GGL Resources Corp. (GGL), unchanged at 12.5 cents on 1,000 shares, is waiting for results from its work on two diamond projects in Canada's North. The company said with some fanfare that it had acquired the Bishop and Rhombus prospects in April, along with Zeus, in the "prolific" Lac de Gras district. (The company's founder, Ray Hrkac, began GGL's diamond hunt in the area south of Lac de Gras two decades earlier. The area was indeed prolific -- for others, not Mr. Hrkac -- and his successors are taking a second look at some not-so-prolific ground explored by GGL and its rivals many years ago.)

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