Cameco (NYSE:CCJ) is temporarily suspending uranium-processing at its Port Hope plant in Ontario because of a dispute over supplies of hydrofluoric acid used in the production of nuclear fuel. The world’s largest uranium producer closed down C$0.24 at C$21.41.

Stornoway Diamond and partner Shear Minerals recovered 54 diamonds from a 2.95 kilogram sample from the Kahuna Breccia and 176 diamonds from a 29.9 kilogram sample of the Killiq kimberlite both on the Churchill diamond project in Nunavut. Stornoway ended the day down C$0.005 at C$0.095, while Shear closed at C$0.09 for a C$0.025 gain.

In a unique move, High Desert Gold is offering to buy back up to 36 million of its common shares at a price of C$0.27. This is essentially all the cash in the company’s till. High Desert closed up C$0.05 at C$0.24.

It was yet another terrible month for equity investors but the last trading week of November brought back some hope that a Santa Clause rally is underway. We will see what Monday trading has in store.

Resource Stock Roundup: Monday, December 1st, 2008