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Diamond & Specialty Minerals Summary for March 16, 2023

2023-03-16 21:07 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was an upbeat 106-74-130 as the TSX Venture Exchange rose five points to 602. Dean Taylor's Diamcor Mining Inc. (DMI) was among the unchanged as it closed at 16 cents on 5,000 shares.

The company has recovered another promotable diamond from its continuing -- at least when the South African power company allows it to -- quarrying and recovery operations at the Krone-Endora at Venetia diamond project in northern South Africa. The latest larger diamond weighed 45.15 carats -- a figure the company touted several times as it applauded its good fortune.

Mr. Taylor, chief executive officer, also repeatedly cheered the diamond as a "gem-quality rough diamond," although he deftly avoided any mention of the details of those qualities. Silence about key information is usually a sign that a promoter would prefer to talk about something -- anything -- else, but being tight-lipped about his big diamonds is standard promotional procedure for Mr. Taylor.

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