Canadian issues that are moving on early news
Rainy River Resources Ltd., which fell more than 3 per cent yesterday, announced receipt of an updated and revised positive preliminary economic assessment for its 100 per cent owned Rainy River Gold Project in western Ontario. It said the project was updated with higher grades and lower costs.
Caribbean Utilities Company Ltd. announced that it has entered a five-year primary diesel fuel supply contract with Rubis Cayman Islands Limited and a five-year secondary supply contract with ESSO Cayman Ltd following completion of a competitive tender process.
Amaya Gaming Group Inc. reported a second-quarter net loss of $2.72-million or basic EPS of 5 cents compared to a net loss of $1.11-million or basic EPS of 3 cents a year earlier. Amaya reported revenues of $14.54-million, an increase of $10.77-million or 285 per cent compared to $3.77-million of revenues in the second quarter of 2011.
Galway Resources Ltd. announced that it has successfully negotiated to obtain title to nine mining concessions located in the municipality of California in Santander, Colombia, where the vast majority of drilling has taken place to date.
Great Western Minerals Group Ltd. which lost 3.5 per cent and hit year lows Wednesday, reported a second-quarter earnings loss of 3.93-million versus 3.12-million a year earlier. It also provided a corporate update.
Opta Minerals Inc. which lost 6 per cent Wednesday, said it had acquired 94 per cent of the outstanding common shares of WGI Heavy Minerals Inc. for $0.60 cash per share and plans the compulsory acquisition of remaining shares. SunOpta Inc. (SOY-T) has a 66.2 per cent ownership position in Opta Minerals.
Mint Technology Corp. said total net loss for the three months ended June 30, 2012, was $2.33-million compared to $5.8-million for the four months ended Dec. 31st, 2011. Of the total net loss, $633,360 is attributable to the UAE operations of which $473,791 is depreciation and amortization.
Empire Industries Ltd. had net income of $0.7-million for the second quarter ($0.00 per share), versus a loss of $1.6-million (loss of $0.01 per share) in the second quarter of 2011.