12:49:50 EDT Sun 20 Jun 2021
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Diamond & Specialty Minerals Summary for June 10, 2021

2021-06-10 20:14 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Will Purcell

The diamond and specialty minerals stocks box score on Thursday was a so-so 89-96-115 as the TSX Venture Exchange added three points to 979. Rough diamond prices continue a strong rebound, according to Paul Zimnisky's global rough diamond price index, which leapt 1 full percentage point last week.

Better yet, Mr. Zimnisky's continual readjustment of past data has wiped out the flattening of the curve strongly in evidence just last week. As a result, prices are up 3 per cent in the past month and over 27 per cent in the past year, a gain of about 30 per cent since the pandemic low of last spring. Nevertheless, prices remain 13 per cent below their bubbly high of 10 years ago, when pent-up demand temporarily outstripped supply from mines still recovering from the Great Recession of the late 2000s.

Neil Foran's Margaret Lake Diamonds Inc. (DIA) rose one-half cent to 7.5 cents on 310,000 shares. The company is keeping its foot in the door at Diagras, where until recently it held a 60-per-cent interest. The company's co-venturer, Arctic Star Exploration Corp. (ADD: $0.155) launched a big -- and quite successful -- drill program this spring, but Margaret Lake had chosen not to contribute its 60-per-cent share of the $2-million budget.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2021 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.