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Diamond & Specialty Minerals Summary for Oct. 15, 2020

2020-10-15 19:39 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a poor 68-100-132 as the TSX Venture Exchange fell six points to 727 and polished diamond prices nosed downward. Paul Zimnisky's global rough diamond price index shows rough prices inched 0.1 per cent higher last week and are now up 2.5 per cent in the past six months. Still, they remain 11 per cent below their January high and are still off by about one-third from their 2011 peak.

Claude Dufresne's Niobay Metals Inc. (NBY) fell five cents to 73 cents on 81,000 shares. The company has received a preliminary economic assessment of its James Bay niobium project, just south of Moose Factory at the southern tip of James Bay in Northern Ontario. The dream sheet is based on an indicated resource of 29.7 million tonnes averaging 0.53 per cent niobium oxide, augmented by a further 33.8 million tonnes inferred at 0.52 per cent. (Another 7.2 million tonnes are present, but that material, grading 0.5 per cent niobium oxide, would be left behind as a crown pillar in the proposed mine.)

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