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by Will Purcell
The diamond and specialty minerals stocks box score for Tuesday was a horrid 44-148-99. The TSX Venture Exchange fell 20 points to 858 while polished diamond prices were flat. Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) gained one-half cent to five cents on 295,000 shares. The company has been silent since it found two diamonds in soil samples on its Botswana projects in November.
Matt Manson's Stornoway Diamond Corp. (SWY), unchanged at 57 cents on 1.02 million shares, is making progress with its diamond breakage problems at its Renard mine in Quebec. The company sold nearly 139,000 carats for $14.4-million (U.S.), an average of $104 (U.S.) per carat, in its first sale of 2018. This is the highest price achieved so far, says Mr. Manson, president and chief executive officer. Stornoway averaged just $86 (U.S.) per carat during its two sales in the fall. During the third quarter, it averaged $95 (U.S.) per carat, up from $87 (U.S.) per carat in the spring quarter and the $81 (U.S.) per carat that it achieved through the first quarter of 2017.
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