Major Drilling Group International Inc. , which rose nearly 5 per cent on Monday, reported results for its second quarter of fiscal year 2012, ended Oct. 31, 2011. Net earnings were $31.6-million or $0.43 per share ($0.42 per share diluted) for the quarter, compared to net earnings of $11.3 -million or $0.16 per share ($0.16 per share diluted) for the prior year quarter. This represents the highest quarterly earnings in the company's history. On average, five analysts polled by Thomson Reuters reportedly expected earnings of $0.29 (CAN) per share for the quarter. Analysts' estimates typically exclude special items.
Garda World Security Corporation , one of the leading Security Solutions, Cash Logistics and Global Risk Consulting firms in the world, today announced its financial results for the third quarter ended Oct. 31, 2011. The company said its net income for the period was $6.32-million, up from last year's $6.26-million, after revenues rose to $313-million from $283-million in the previous year. The company also said it had solid cash flow from operations of $35.3-million, up 8.8 per cent over the third quarter of last year.
Marathon Gold Corporation , which was just 5 cents below its 200-day SMA $1.38 at yesterday's close, announced today that it has hit an intersection with thick intervals of near surface gold-bearing quartz-tourmaline-pyrite alteration containing gold during initial drilling at the J. Frank Zone, Valentine Lake Project. Phillip Walford, President and CEO, said: "We believe that the new J. Frank Zone discovery will be advantageous for Marathon and hitting this intersection, which contains high grade gold intervals within a more than 80 meter thick quartz-tourmaline-pyrite alteration envelope, provides further encouragement."
5N Plus Inc. , a producer of specialty metal and chemical products that rose more than 5 per cent on Monday, reported financial results for the four-month period ended Sept. 30, 2011 and first quarter of stub year 2011. It said revenues, earnings, EBITDA and funds from operations all reached record levels largely exceeding corresponding numbers for previous quarters even when results for the period are pro-rated to a quarterly basis. Numbers for the comparable period ended Aug. 31, 2010 have been restated to reflect changes resulting from the implementation of IFRS and the adoption of the U.S. dollar as the company's functional and reporting currency.
Revenues for the four-month period ended Sept. 30, 2011 increased by 1,243 per cent to $242.3-million compared to $18.0-million for the quarter ended Aug. 31, 2010. Net earnings attributable to equity holders of 5N Plus for the four-month period ended Sept. 30, 2011 were $15.6-million or $0.22 per share, representing a 457 per cent increase over net earnings of $2.8-million or $0.06 per share for the quarter ended Aug. 31, 2010. Before amortization of intangible assets related to MCP, net earnings attributable to equity holders of 5N Plus were $0.26 per share.
Sandvine Corp. , provider of intelligent broadband network solutions, announced today that it has won an expansion order for $4.5-million (U.S.), with a tier-one North American MSO. The company said the expansion order includes the purchase of its Network Policy Control system, including the Policy Traffic Switch, and the Network Analytics business intelligence product with its patent-pending Real-Time Entertainment Dashboard.
Acadian Mining Corporation , which closed Monday near year lows, provided assay results for 11 additional holes from the diamond drilling program completed in Oct. 2011, at its wholly-owned Fifteen Mile Stream gold project in Nova Scotia, Canada. Highlights included: The drill program included 29 holes for a total of 3,732 metres. The first 20 drill holes targeted the Egerton-McLean Zone (Main Zone), one hole was an exploration hole north-east of the Main Zone, and 8 holes were drilled at the Hudson Zone approximately 700 metres to the west; An extensive strike length measuring over 3 kilometres has been identified as having potential to host mineralization in the immediate Fifteen Mile Stream area, the current drill program tested only a small portion of this prospective region; And the majority of the drill holes tested auriferous horizons outside of the current resource area.
Huntingdon Real Estate Investment Trust , which lost nearly 2 per cent on Monday, announced that it has completed the early redemption of $38.0-million plus accrued interest of its 7.50 per cent Series C Convertible Debentures.
TeraGo Inc. said today that it has successfully enabled its network infrastructure to support Public Mobile's launch of their new unlimited 3G data plans. The provider of carrier-grade wireless broadband, data and voice communications services said: "To enable hundreds of sites in such a short timeframe is a testament to the scalability of our network and the skills and commitment of our people."
Pure Technologies Ltd. announced today that its wholly-owned subsidiary, Pure Technologies U.S. Inc., has been awarded a contract by a major California-based water agency in the amount of approximately $1.4-million (U.S.).
The company said that under the contract, Pure will perform an inspection of a critical mortar-lined, large-diameter steel water transmission main utilizing its high-resolution magnetic flux leakage inspection technology.
SMTC Corporation , an electronics manufacturing services provider, said today that it has partnered with Enecsys Limited, a premiere supplier of micro inverter products for the global solar market, to produce Enecsys micro inverters for the Canadian market at SMTC's Markham facility located in York Region, Ontario. York Region Chairman and CEO Bill Fisch said: "This innovative partnership generates new, quality jobs and benefits our local economy while at the same time contributing to environmental sustainability."