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Diamond & Specialty Minerals Summary for June 27, 2024

2024-06-27 17:18 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a positive 91-84-135 as the TSX Venture Exchange added four points to 570. Shaun Unser's Triple Flag Precious Metals Corp. (TFPM) lost 19 cents to $21 on 185,000 shares. The company has self congratulated its "sustainability approach, governance and performance" with its 2023 sustainability report. (These reports are heavy on social and environmental justice matters and light on efforts to build and mine resources -- the combination that makes a mining company sustainable in the long term.)

Therefore, it was no surprise that Mr. Unser, chief executive officer, applauded Triple Flag's work to "prioritize responsible mining practices" and jargonized its efforts to "foster strong relationships with local communities and stakeholders by enhancing our mining partners' privilege to operate where we can play a constructive role." He pointed to Triple Flag's scholarship and bursary programs, its commitment to reduce emissions and a "culture of open communication" within its team.

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