Canadian issues that are moving on early news
VoodooVox Inc. reported Wednesday a second-quarter net loss $1.8-million, $0.1 per share, on revenues of $1.3-million. In the same period last year, the net loss was $0.3-million on revenues of $2.1-million. No analyst estimates were available for comparison.
Argonaut Gold Inc. reported a second-quarter net income of $11.3-million, $0.12 per basic share, compared to consensus estimate of $0.11. Revenues totaled $37.5-million, which is below the $37.7-million estimate. In the corresponding period last year, net income was $5.2-million, or $0.06 per share, on revenues of $21.6-million.
Aurizon Mines Ltd. announced today that the phase 2 exploration program on NioGold’s Marban Block property is now complete. The program identified a new high grade zone approximately 500 metres north of the Marban deposit and 350 metres south of the Norlartic deposit.
Avion Gold Corporation reported second-quarter net earnings of $15.7-million, or $0.04 per share, beating consensus estimate of $0.02. Revenues came in at $49.4-million, also exceeding the $48-million estimate. In the same period last year, net earnings were $15.2-million in earnings, or $0.04 per share, on revenues of $37.9-million.
Nevado Resources Corporation announced today that it has started exploration on the Fermont graphite property. The goal of this initial program is to identify the graphite conductors using a Beep Mat and excavate trenches on the best conductors to assess the property’s potential.
The Brick Ltd., which lost 2 per cent Monday but regained 3 per cent Tuesday to close in on a year high $4.19, said a second-quarter net loss of $3.1-million includes non-recurring finance costs of $17.1-million related to a Debenture redemption. Income before finance costs related to the redemption transaction and income taxes increased 53.5 per cent or $5.2-million to $15.1-million compared to $9.8-million in 2011.
Canadian Helicopters Group Inc. said its second-quarter net income amounted to $12.4-million or $0.93 per share, compared with $15.1-million or $1.15 per share in 2011. Reflecting the variation in net income, cash flows related to operating activities before net change in non-cash working capital balances was $17.4-million versus $21.3-million a year earlier. It also declared monthly dividends.
Labrador Iron Mines Holdings Limited, which lost nearly 4 per cent Tuesday, for the first quarter reported a loss of $10.6-million or $0.16 per share, compared to a loss of $4.7-million or $0.09 per share during the corresponding quarter of last year. The net loss reported included an amortization charge of $9.8-million, which was recorded concurrently with the commencement of full-scale mining operations.
Centric Health Corporation posted a second-quarter net income of $42.4-million (per share basic $0.38 and diluted $0.34) versus $11.7-million a year earlier (per share basic $0.15 and diluted $0.11). It also completed details of the LifeMark earn out and adjusted shares to be issued to vendors.
Aeterna Zentaris Inc., which rose 7 cents or 16 per cent on Tuesday in climbing away from near year lows, said second-quarter net income amounted to $4.5-million or $0.04 per basic and diluted share compared to a net loss of $10.6-million or $0.12 per basic and diluted share for the same quarter in 2011. It said this significant decrease in net loss is mainly attributable to higher net finance income.
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