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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for Nov. 7, 2018

2018-11-07 19:50 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a mediocre 71-74-145. The TSX Venture Exchange rose five points to 672 while polished diamond prices were flat. Guy Bourassa's Nemaska Lithium Inc. (NMX) dropped two cents to 86 cents on 3.93 million shares. The company, which has financed and is building a billion-dollar lithium mine at Whabouchi in Quebec, has been quiet for the past month.

Dean Taylor's Diamcor Mining Inc. (DMI), down four cents to 26 cents on 23,000 shares, has "delivered" another 3,058.36 carats of diamonds, recovered from its Krone-Endora at Venetia deposit in South Africa, for sale. (Mr. Taylor, president and chief executive officer, is still careful to avoid regulatory ire that using words like "produced" and "mined" would arouse.) Diamcor has been engaged in trial mining, or an indefinite bulk sampling program since 2013, and investors are expecting the work to morph into at least an unofficial mine, if it has not done so already.

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