Second Cup Ltd. reported financial results for the 13 weeks and year ended ended Dec. 31, 2011. Highlights: system sales increased 2.8 per cent in the quarter and increased 1.8 per cent for the full year; same cafe sales increased 1.2 per cent in the quarter and decreased 0.1 per cent for the full year; fourth quarter earnings per share $0.23 for the current year vs. $0.26 in the comparable quarter last year; earnings per share $1.34 for the current year vs. $0.94 last year; declared dividend of $0.15 per share.
Dacha Strategic Metals Inc. announced the estimated market value of its Rare Earth metals inventory as of Feb. 29, 2012 was $89.8-million (U.S.), a decrease of $10.5-million, or 10.5 per cent, from the estimated value of $100.3-million at Jan. 31, 2012. Assets include metal inventory and cash. The company also had cash of approximately $2.6-million (U.S.) for a total of $92.4-million, or $1.24 per share.
Mood Media Corporation , an in-store media solution provider that is trading at year highs, announced today its results for the three months ended Dec. 31, 2011. It posted record fourth-quarter revenue of $102.2-million, up 88 per cent from the prior year and record fourth-quarter adjusted EBITDA of $34.1-million, up 117 per cent from prior year.
Northern Iron Corp , which is trading near year lows, today released assay results for drill holes KA-11-26 and 27 on the Karas property. It reported an intersection of 474.11m of 23.28 per cent Fe2O3, including 158m of 31.44 per cent Fe2O3 for a true thickness of the magnetite mineralized zone of over half a kilometre.
Aecon Group Inc has scheduled a conference call for Tuesday, March 6, 2012 at 10.30 a.m. ET to discuss its 2011 fourth-quarter and year-end financial results.
Nordion Inc. , a leading provider of products and services to the global health science market, will report its first-quarter 2012 financial results after market close on March 6, 2012.
SunOpta Inc. will issue its financial results for the fourth quarter and year ended Dec. 31, 2011 on March 6, 2012, after the close of the stock markets.
March Networks will release its third-quarter fiscal year 2012 financial results on Tuesday, March 6, 2012 following the market close.
Cerro Resources NL today announced positive results from 11 additional drill holes at the Namiquipa Silver Project, in Chihuahua, Mexico. Cerro Resources has continued to test the six-vein system that hosted the historic, high grade La Venturosa silver mine. A total of 68 diamond holes have been completed for 26,000m of core.
Sprott Resource Corp. announced today that it has invested $50-million (U.S.) in Independence Contract Drilling, Inc., a newly formed company that will provide land-based contract drilling services in the U.S. through a fleet of newly constructed drill rigs. Kevin Bambrough, President and CEO, said: "We view our investment in ICD as an effective way to capitalize on the growth of unconventional oil and gas resource plays in the United States."
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