Canadian issues that are moving on early news
Solitario Exploration & Royalty Corp., which rose 2 per cent on Friday, announced today a “significant” resource increase on the Mt. Hamilton gold project in eastern Nevada, U.S.A. The company reported nearly 29 per cent increase in previously reported in-pit measured and indicated resources for the Mt. Hamilton project and a 134 per cent increase in inferred resources.
CanElson Drilling Inc. today announced a long-term contract for a new $8-million bi-fuel (natural gas and diesel) drilling rig and provided an update for its Canadian and U.S. operations in July and August 2012. CDI lost 3 cents on Friday.
Lara Exploration Ltd. said that Avanco Resources Ltd. has mobilized a drill rig to the company’s Conceicao Nickel Sulphide Project in northern Brazil and plans to begin a 1,500 metre program in the coming weeks. LRA fell nearly 6 per cent to $1.31 on Friday.
Brigus Gold Corp. announced that exploration drilling on the southern portion of the Black Fox Complex confirms a new multiple horizon gold zone within the Grey Fox South gold mineralized corridor. BRD rose 1 per cent to 92 cents on Friday.
Nordion Inc. announced today that it has received the decision in the confidential arbitration with Atomic Energy of Canada Limited (AECL). Nordion was unsuccessful in its claim for specific performance or monetary damages relating to AECL’s cancelled construction of the MAPLE facilities.
Guyana Goldfields Inc., which gained 9 per cent Friday, announced the appointment of Marcel F. DeGuire as president and chief operating officer of the company, effective Oct. 3, 2012.
Patagonia Gold Plc, which is trading near a year low 35 cents, announced an updated resource estimate for the Cap-Oeste Gold-Silver project in Santa Cruz province, Argentina.
Aureus Mining Inc. announced phase two drilling and additional trenching results from the Ndablama gold target and reconnaissance drilling and trenching results from the Gondoja gold target.
Jaguar Mining Inc. today announced that David M. Petroff has been appointed as the new president and chief executive officer of the company and has joined the board of directors effective immediately.
Le Chateau Inc. reported that sales for the second quarter ended July 28, 2012 amounted to $72.5-million, a decrease of 14.5 per cent from the second quarter ended July 30, 2011. Comparable store sales decreased 14.4 per cent. Net earnings amounted to $1.3-million or $0.05 per share (diluted) compared to net earnings of $3.5-million or $0.14 per share.
AlarmForce Industries Inc., which is trading near a year high, today will release financial results for its third quarter ended July 31, 2012 after the market closes.