Here are Canadian small cap stocks moving on early news and worth watching today:
Century Mining Corp. has announced estimated production for the second quarter of 2011 at the San Juan mine and the Lamaque project. It said production at the San Juan mine in Peru during the second quarter was 4,371 ounces of gold, 13.9 per cent below production in the second quarter of 2010, due to lower ore grades. Staged increases in production at San Juan were slowed as funding requirements at Lamaque reduced the capital available and resulted in delayed improvements to infrastructure and cost reduction measures, it said. It added the San Juan mine remains on track for production of in excess of 20,000 ounces for 2011.
Lingo Media Corp. , a leader in online and print-based English language learning solutions, and Hong-Kong listed PC company Lenovo, announced the signing of a custom software business partnership agreement, which provides for a custom version of Lingo Media's English language learning software to be installed on millions of Lenovo computers sold in China. Under the terms of the agreement, Lenovo will promote, distribute, and resell Lingo Media's software, primarily by pre-installing a custom version on Lenovo's popular Think-branded commercial PCs and Idea-branded consumer PCs. Online marketing, joint promotional activities and other marketing activities are underway between the two companies.
Aeterna Zentaris Inc. , a late-stage oncology drug development company, announced that the European Patent Office has granted a patent for the use of alkyl phosphocholines, or more specifically perifosine, in the preparation of a medicament for the treatment of benign and malignant tumours, prior to and/or during the treatment with approved anti-tumour anti-metabolites such as 5FU and capecitabine. The patent will be effective as of July 13, 2011, following its announcement in the European Patent Bulletin, and will expire on July 28, 2023.
Continental Gold Ltd. announced results for 19 diamond drill-holes from the company's ongoing program at its Buritica Project in Antioquia, Colombia. It said over 69,000 metres of diamond drilling have been completed on the property to date and nine drills are currently on schedule to complete approximately 100,000 metres of surface and underground drilling by the end of 2011.
International Northair Mines Ltd. announced assay results from four diamond drill holes recently completed in the Las Carolinas Zone at its La Cigarra silver project, located in north central Mexico.
Strategic Metals Ltd. provided an update of exploration activities. It said at the 100 per cent owned Midas Touch project located in central Yukon, diamond drilling is progressing well at both the Crag and Rod properties, while surface exploration is underway at a number of Strategic's other properties in the area. It added the "comprehensive" 2011 exploration program at the Silver Range project in the Faro district of south-central Yukon is in full operation.
Great Panther Silver Ltd. reported second-quarter production at its two wholly owned Mexican silver mining operations, Topia and Guanajuato. It said metal production from the two mines, at 562,944 silver equivalent ounces, including 386,209 ounces silver, 1,931 ounces gold, 266 tonnes lead, and 348 tonnes zinc, is within 2 per cent of production for the second quarter 2010. It added that plant throughput is up by an average of 30 per cent compared to the second quarter of 2010, however, ore grades were lower than anticipated.
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