On the diamond trail
Afri-Can Marine Minerals
Volume 97 Number 21 Jul 11 - 17, 2011
Lustre returns to Harry Winston
A look at Harry Winston Diamond’s (HW-T, HWD-N) recent financials shows the tale of rising demand for diamonds. Both the company’s luxury retail side and its mining side, strongly rebounded last year.
Mountain Province’s Evans on Gahcho Ku’s solid numbers
Unlike so many involved in the diamond industry, Mountain Province Diamonds (MPV-T, MDM-X) president and CEO Patrick Evans hasn’t spent his entire career searching for the elusive gems or mining them.
Stornoway puts the pieces in place at Renard
Everything is coming together for Stornoway Diamond (SWY-T) at its Renard project in Quebec.
Positive scoping study for Vaaldiam’s B3
Brazil-focused Vaaldiam Mining (VAA-T) has released a scoping study for its Braüna JV, in Bahia state, that estimates it would cost US$25 million to build a mine that would produce a total of 573,000 carats over a five-year mine life.
Lucara harvests high-value stones at Mothae
The first diamond tender from Lucara Diamond’s (LUC-V) 75%-owned Mothae mine, in Lesotho, brought in $8.2 million for 9,381 carats of stones earlier this year.
Shore’s star-orion feasibility set for Q2
Shore Gold (SGF-T) is on track to complete a feasibility study for the Star-Orion South project, in Saskatchewan, next month, and senior vice-president exploration and development George Read believes the numbers will be strong.
Rockwell ramping up Tirisano
After surviving a hostile bid by Pala Investments in 2008 and then a recession that forced it to put one of its operations on care and maintenance, Rockwell Diamonds (RDI-T) signalled last March that it was no longer in survival mode with the…
Spot prices
Tuesday, July 4, 2011
Canada Lithium looks to rebound
Canada Lithium (CLQ-T) is ready to move on from a shrinking-resource fiasco at its Quebec Lithium project near Val d’Or, Que., and has recently tabled an updated feasibility study of the project that shows it is still viable.
Market unimpressed with Rubicon’s PEA for F2
Rubicon Minerals (RMX-T, RBY-X) fell $1.12, or 23.9%, to close at $3.56 per share with more than 4 million shares traded in Toronto after the company released a preliminary economic assessment (PEA) of its 100%-owned F2 gold system, part of its…
Bear Creek loses Santa Ana
Already hit by a retreat in the silver price, a leftist presidential victory, and rumblings of local discontent, Bear Creek Mining (BCM-V) was broadsided on June 25 by the Peruvian government’s decision to revoke the licence for its Santa Ana…