Diamond stocks Articles

Canterra and Margaret Lake make the grade

December 18, 2014 / Shayne Nyqwest

In October, joint venture partners Canterra Minerals (CTM:TSX-V) and Margaret Lake Diamonds (DIA:TSX-V) announced the discovery of a 1 by 1 by 1.4-mm, off-white, modified octahedral diamond, as well as several anomalous indicator minerals, on the Marlin property, about 220 km northwest of Yellowknife, N.W.T.Finding a diamond in a till-sampling program is a very rare occurrence and may indicate the...Read More

De Beers' market share to rebound, thanks to Gahcho Ku

July 10, 2014 / Mining Markets staff

De Beers' share of the rough diamond market has been in steady decline since the late 1980's. Still perceived as a monopoly by many outside of the industry, for years De Beers had control of over 80% of the world's rough diamonds, allowing it to corner the market and dictate prices. However, a series of events over the last 25 years has taken De Beers' market share down from ~80% in 1989 to ~35%...Read More

Dominion Diamond reports Q1 profit of US$10.7M

June 12, 2014 / Mining Markets staff

Dominion Diamond (TSX: DDC) reported a strong fiscal first quarter, with both of the miner's operations - it owns 80% of the Ekati mine in the Northwest Territories and 40% of the nearby Diavik mine - performing well. The company reported a net profit of US$10.7 million on revenue of US$175.5 million for the period ended April 30, and earnings per share of US17 cents, beating analyst estimates of...Read More

Canadian diamond exploration perks up

June 10, 2014 / Mining Markets staff

For years it seemed that juniors were fleeing from diamond exploration - and for good reason.The high-risk nature of diamond exploration, the failure to find new world-class deposits during the past two decades, and the expense of arctic exploration - not to mention the cratering of rough diamond prices by roughly 50% during the financial crisis - all drove companies and investors away.But now, sp...Read More

The upside to the downturn: extraordinary value' for selective investors

June 4, 2014 / Mining Markets staff

There's no doubt that the past few years have been tough on junior miners and those who invest in them. So tough in fact that the World Resource Conference put together each June in Vancouver by Cambridge House has been rebranded as the Canadian Investor Conference, with small-cap tech and "diversified" companies - including those juniors that have recently migrated to the burgeoning medical marij...Read More

Dundee dives in on Canadian diamonds, adding coverage of 5 juniors

May 28, 2014 / Mining Markets staff

Dundee Capital Markets sees great upside in Canadian diamond stocks, and has just initiated coverage of two diamond developers and three advanced explorers.A report released on May 27 by senior mining analyst Matthew O'Keefe and research associate Erik Bermel notes that diamond companies - at least those with market caps of $30 million or higher - outperformed precious metals equities in 2013."Unl...Read More

Peregrine shares pop on 7.5M-carat maiden resource for Chidliak

May 7, 2014 / Mining Markets staff

Peregrine Diamonds (TSX: PGD) has unveiled a maiden resource for the CH-6 kimberlite at its Chidliak diamond project in Nunavut.CH-6 contains an inferred resource of 7.47 million carats in 2.89 million tonnes of kimberlite grading 2.58 carats per tonne. The resource extends to 250 metres depth and CH-6 is open at depth.A valuation of CH-6 diamonds conducted in February revealed an average diamond...Read More

Stornoway lands $944M financing agreement to build Renard diamond mine

April 10, 2014 / Mining Markets staff

Stornoway Diamond (TSX: SWY) has lined up a $944-million financing deal to build its Renard diamond mine in Quebec.The binding agreement signed with three parties constitutes the largest ever project financing package for a publicly listed diamond company.The complex deal involves debt, equity and streaming components, and involves funding from the Quebec government, a private equity firm, an inst...Read More

Diamond stocks bucked the trend in 2013

January 3, 2014 / Mining Markets staff

In contrast to gold stocks, Canadian-listed diamond stocks were the stars of 2013.At least 10 diamond companies listed on the Toronto Stock Exchange and the TSX Venture traded at least 10% higher on Jan. 2 than a year before. That includes big fish like Dominion Diamond (TSX: DDC; NYSE: DDC); revenue-producing juniors Rockwell Diamonds (TSX: RDI) and Diamcor Mining (TSXV: DMI), developers Mountain...Read More

Peregrine bulk sample confirms high diamond grade at CH-6

December 3, 2013 / Mining Markets staff

Peregrine Diamonds (PGD-T) shares climbed as high as 78% this morning on news that a bulk sample from the CH-6 kimberlite at its Chidliak diamond project in Nunavut has returned an excellent grade of 2.7 carats per tonne. The 222.1 dry tonne sample, taken via trenching this spring, yielded a 600.5-carat parcel of commercial sized (0.85 mm or larger) diamonds. The parcel contains 48 stones larger t...Read More

Limited options for diamond investors

November 8, 2013 / Mining Markets staff

Aside from buying diamond stocks directly, or through PureFunds ISE Diamond/GemstoneETF (NYSE: GEMS) (see interview with PureFunds CEO Paul Zimnisky) options for diamond investors are limited.There are a few physically-backed, closed-end diamond funds, including in the U.K., Pink Iguana, which holds rare physical diamonds. However, with a minimum investment of 10,000, such options are out of range...Read More

Investing in diamonds: Interview with CEO of world's first diamond ETF

November 8, 2013 / Mining Markets staff

Last November, New Jersey-based PureFunds launched the world's first diamond and gemstone ETF, the PureFunds ISE Diamond/Gemstone ETF (NYSE: GEMS). The company, which at the same time also created an ETF tracking silver juniors and one tracking mining equipment and service companies, has 24 stocks in its diamond ETF, including juniors, diamond miners, and even Sarin Technologies, which makes diamo...Read More

North Arrow jumps on Pikoo diamond results

November 5, 2013 / Mining Markets staff

Shares in diamond junior North Arrow Minerals (TSXV: NAR) jumped nearly 40% today on diamond results from its Pikoo project in central Saskatchewan.The company reported that a 209.7-kg sample from the PK150 kimberlite at Pikoo returned 745 diamonds larger than the 0.106-mm sieve size, with 23 stones being larger than the 0.85-mm sieve size (commercial size).Together, the commercial-sized diamonds...Read More

De Beers walks away from Peregrine's Chidliak

October 11, 2013 / Mining Markets staff

Shares in Peregrine Diamonds (PGD-T) tanked by 46% this morning on news that diamond giant De Beers has decided not to exercise an option to earn 50.1% of the Chidliak diamond project, in Nunavut.De Beers has already spent $5 million in exchange for the exclusive option, which it acquired last September, plus $2 million on a work program at Chidliak this summer. The option would have seen it inves...Read More

Dominion Diamond reports $16.3M Q2 loss

September 5, 2013 / Mining Markets staff

Dominion Diamond (TSX: DDC; NYSE: DDC) has released financial results for its first full quarter as majority owner and operator of the Ekati diamond mine, in the Northwest Territories. While the mine performed better than expected, one-time charges related to Dominion's purchase of a majority stake in the mine from BHP Billiton (NYSE: BHP; LSE: BLT) earlier this year, led to a loss of US$16.3 mill...Read More

Kennady Diamonds stock rockets on high-grade results from NWT project

August 7, 2013 / Mining Markets staff

Kennady Diamonds (TSXV: KDI) is on a roll, with its stock gaining 80% so far in the past three trading days on encouraging results from its 100%-owned Kennady North diamond project, in the Northwest Territories.Yesterday, the stock gained 41% on news that a 1.1-tonne sample, collected from last year's 5,000-metre drill program, returned an outstanding grade of 8.44 carats per tonne. The core, take...Read More

Can Aber alumni recreate Diavik success with North Arrow Minerals?

July 16, 2013 / Mining Markets staff

Since March, North Arrow Minerals (TSXV:NAR) has added six projects to its diamond exploration portfolio for a total of seven.The junior's decision to focus on diamond exploration exclusively - until this year, it's had a mixed portfolio of properties in the Arctic - is notable, not just because of the current funding climate for juniors, but because diamond juniors have been dealing with a fundin...Read More

Resource boost for Gahcho Ku diamond project

July 2, 2013 / Mining Markets staff

As a permitting decision on the Gahcho Ku diamond project, in the Northwest Territories, draws closer, 49% partner Mountain Province Diamonds (MPV-T, MDM-K) has released a new resource estimate for the project.The new resource is for Tuzo Deep, the deeper portions of the Tuzo kimberlite, one of three pipes that Mountain Province and majority partner De Beers plan to mine. Tuzo Deep now contains 3....Read More

Rio Tinto to stay in the diamond business

June 24, 2013 / Mining Markets staff

Rio Tinto (RIO-N, RIO-L) has decided to hang onto its diamond assets after all, concluding a strategic review of the business that the miner began in March 2012.The company considered selling the assets, or spinning off the diamond business into a separate public company. Rio's diamond assets consist of the Argyle mine in Australia, a 60% stake in the Diavik mine, in the Northwest Territories, 78%...Read More

Diamcor shares jump 18% on recovery of special' diamond

May 28, 2013 / Mining Markets staff

Shares in Diamcor Mining (DMI-V) rose 18% to $1.25 this morning on news that the diamond junior had recovered its first large diamond in the "special" category at its Krone-Endora project, in South Africa.The 11.23-carat stone is described as "very good quality." The company is currently processing material from its quarry in the +1 mm to -12 mm size fraction (material that will be retained on a 1...Read More