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Diamond & Specialty Minerals Summary for Oct. 13, 2021

2021-10-13 19:11 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score on Wednesday was a rousing 123-64-113 as the TSX Venture Exchange soared 21 points to 918 and polished diamond prices edged higher. Democratic Republic of the Congo tin miner Alphamin Resources Corp. (AFM) inched three cents higher, ending the day at 99 cents on 4.58 million shares.

Ken MacNeill's Star Diamond Corp. (DIAM) lost one-half cent to 18.5 cents on just 7,000 shares. Star remains stalled near the 20-cent mark, a perch it has occupied for most of the past decade, thanks to its continuing silence about exploration, and to litigation concerning its Fort a la Corne (FalCon) diamond project in central Saskatchewan. The stock, which had been as high as $8.75 in 2007 before its big collapse following the Great Recession, clawed its way back to 53 cents in early 2020 amid enthusiasm that Rio Tinto Exploration Inc. (RTEC) had declared its four options on FalCon exercised and formed a 60:40 joint venture with Star Diamond.

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