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by Will Purcell

The diamond and specialty minerals stocks box score for Monday was a so-so 73-81-156 as the TSX Venture Exchange rose three points to 588. Dermot Desmond and Mark Wall's Mountain Province Diamonds Inc. (MPVD) lost one cent to 13.5 cents on 245,000 shares. Rough diamond prices appear to have flattened after more than two years of relentless declines, offering a glimmer of hope for miners. And so, with the end of the third quarter but a week away, investors are girding for news of how the summer went for Mountain Province and its 49-per-cent-owned Gahcho Kue mine in the Northwest Territories.

Mountain Province just wrapped up its seventh sale of the year, held through the facilities of Antwerp-based Bonas Group. The company holds 10 sales a year -- in normal years at least -- alternating between two and three auctions per quarter. This latest tender was the second for Mountain Province in its third quarter, so three are planned in the final quarter of 2024, which could augur well for the company if rough prices do manage a rebound.

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