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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for Oct. 10, 2018

2018-10-10 20:30 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a dismal 47-93-150 as the TSX Venture Exchange fell 10 points to 692 and polished diamond prices inched upward. Lukas Lundin and Eira Thomas's Lucara Diamond Corp. (LUC) gained one cent to $2.19 on 812,000 shares. The company continues to do well with its Karowe mine in Botswana. Guy Bourassa's Nemaska Lithium Inc. (NMX), which is building a billion-dollar lithium mine and plant in Quebec, based on its Whabouchi deposit, lost four cents to 74 cents on 5.46 million shares.

Patrick Power and Scott Eldridge's Arctic Star Exploration Corp. (ADD), down one cent to eight cents on 351,000 shares, has the last of its diamond counts from the Wolf kimberlites on its Timantti diamond project in east-central Finland. The new counts, from the Grey and Black Wolf bodies, are less impressive than those from the White Wolf kimberlite that the company received in July. Nevertheless, Mr. Eldridge, president and chief executive officer, and Mr. Power, who gave up those positions a year ago to become executive chairman, say that they are pleased to see that all four of the kimberlites identified on the property so far contain diamonds. (They would have been horrified had they not, since White Wolf and Black Wolf proved to be significantly diamondiferous in initial testing 13 years earlier.)

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