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 for Friday was a positive 94-83-114. The TSX Venture Exchange gained three points to 880 while polished diamond prices were flat. Paul Farquharson's eCobalt Solutions Inc. (ECS) fell 17 cents to $1.61 on 2.91 million shares. The company said earlier this week that it is making progress in identifying strategic offtake partners for its cobalt concentrate that will come from its Idaho Cobalt project.
Matt Manson's Quebec diamond miner, Stornoway Diamond Corp. (SWY), rose two cents to 64 cents on 608,000 shares. The company is planning its first big exploration push at its Renard mine in several years, with a budget of $3.6-million to be spent on the project, most of it on drilling. Mr. Manson, president and chief executive officer, says that Stornoway is "turning with a renewed focus" to exploration in the hope of expanding the existing resource and making brownfield discoveries. (Its exploration focus got blurry several years ago, when Mr. Manson needed all his effort to first finance, and then build, the $800-million Renard mine that reached production in 2016.)
The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS
© 2018 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.