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 Monday was a positive 85-72-153 as the TSX Venture Exchange rose one point to 623. Dermot Desmond and Mark Wall's Mountain Province Diamonds Inc. (MPVD) lost one cent to 14.5 cents on 145,000 shares today. The company rolled out the third quarter production and sales data for its 49-per-cent-owned Gahcho Kue mine in the Northwest Territories, and the numbers put a bit more room between Mountain's share price and its all-time low of 10.5 cents, set in midsummer.

The good news is that the mining and surface crews are doing well enough to keep Gahcho Kue's quarterly carat count above the one-million mark, mitigating the effect of a steadily weakening average grade. The mine yielded nearly 924,000 tonnes and the processing plant handled just over 961,000 tonnes -- hauling a bit of ore from a hefty stockpile to do so. The kimberlite yielded nearly 1.19 million carats, good for a production grade of just 1.27 carats per tonne.

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