Lake Shore Gold Corp. reported its production results for the fourth quarter and full year 2011. Gold poured during fourth quarter 2011 totaled 26,550 ounces compared with 16,693 ounces the previous quarter; total gold poured in 2011 was 86,565 ounces, in line with company's target; gold sales totaled 21,956 ounces in fourth quarter and 91,468 ounces for full year 2011; cash and gold bullion at Dec. 31, 2011 totaled approximately $65-million.
COM DEV International Ltd. , a global provider of space hardware and services which rose 3 per cent yesterday, announced fourth-quarter and year end financial results for the three- and 12-month periods ended Oct. 31, 2011. Fiscal Year 2011 Highlights included: revenue was $203.2-million, an 8 per cent decrease from fiscal 2010; gross margin in the core Space Equipment business for the full year was 24 per cent, compared to 22 per cent in 2010; net income attributable to shareholders was $13.6-million, or $0.18 per share, compared to $2.7-million or $0.04 per share in 2010.
Open Range Energy Corp. , which is focused on exploration and development in the Deep Basin area of west central Alberta and rose nearly 13 per cent yesterday, provided an overview of its 2012 capital investment program and initial guidance for 2012 production and funds from operations. Open Range's Board of Directors has approved an initial 2012 capital investment program totalling $45-million that shifts investment in the near term to the company's organically generated, 100 per cent working interest Montney light oil play at Waskahigan, which has been significantly de-risked by offsetting industry well results.
Batero Gold Corp. reported the final drill results from its recently completed 55,755 metre 2011 diamond drill program on the company's 100 per cent-owned Batero-Quinchia project in Risaralda, Colombia. It said a total of 36 holes (16,628.37 metres) are being released. These are the final drill results before releasing the initial NI 43-101 resource estimate later this month by Roscoe Postle Associates Inc.
Rockwell Diamonds Inc. announced results for the three and nine months ended Nov. 30, 2011. Details include: 5,334 carats were produced at the Tirisano, Klipdam and Saxendrift operations and 5,376 carats were sold at an average price of $1,109 (U.S.) per carat. This resulted in diamond revenues of $8.3-million; cost of sales including amortization, depletion and impairment charges totaled $7.7-million; a gross profit of $0.6-million for the quarter was achieved, though a loss of $2.1-million was recorded which includes depreciation and depletion of mineral property interest of $1.8-million.
Retrocom Mid-Market Real Estate Investment Trust today announced that it has entered into a binding agreement to sell Wetaskiwin Mall, located in Wetaskiwin, Alberta. The closing is expected to occur in mid-February subject to customary closing conditions. In other news, the REIT also announced that it has declared its cash distributions for the months of January, February and March 2012.
Synchronica Plc , provider of next-generation mobile messaging services, announced today that it expects to report full year 2011 revenues of approximately $23-million (U.S.). The company said this estimated revenue is marginally ahead of market expectations, and represents an increase of some 111 per cent when compared to $10.9-million (U.S.) in the same period in 2010.
Entrec Transportation Services Ltd. , which specializes in the transportation and rigging of overweight and oversized cargo, today announced that it has completed two separate acquisitions of certain heavy haul transportation equipment. The company said the aggregate purchase price paid on closing was $1.43-million, which will be paid through the issuance of 358,047 common shares and the remainder in cash.