Canadian issues that are moving on early news
Ballard Power Systems updated its 2012 business outlook and guidance. Based on a preliminary estimate of Q3 revenue of $14-million together with its updated outlook for Q4, the company is adjusting guidance downwards for the full year 2012 as follows: Revenue of approximately $60-million; and adjusted EBITDA of approximately ($18) million.
Taseko, which fell 5.5 per cent Tuesday, announced 2012 third quarter total production of 23.7 million pounds of copper and 276,000 pounds of molybdenum at its 75 per cent owned Gibraltar Mine in British Columbia. Total sales were 21.5 million pounds of copper and 279,000 pounds of molybdenum.
D-Box Technologies Inc. announced new agreements with North American theatre partners, bringing the company’s total number of D-BOX screens to 200 worldwide. These new agreements, which increasingly include a portion of upfront payments, are all with existing D-BOX customers.
Rockhaven Resources Ltd. reported additional results from its 100 per cent-owned Klaza gold-silver property in Yukon Territory. The company said it has drilled 11.90 g/t gold and 5.23 g/t silver (12.01 g/t gold Eq) over 6.70 m at the Klaza Zone. RK closed at 34 cents yesterday.
Yukon-Nevada Gold Corp., which dropped nearly 5 per cent Tuesday, has corrected a statement from last week to clarify that it will commence trading on the Toronto Stock Exchange under the name Veris Gold Corp. and the symbol VG at start of market on Thursday, October 11th.
Riverstone Resources Inc. reported results from 67 reverse circulation drill holes on the Biliga and Tangapella exploration permits, which form the company’s Bissa East Gold Project in the West African nation Burkina Faso. The company said drilling intersected 6.95 g/t gold over 6 m at Bissa East Property. RVS gained 2 per cent yesterday.
Crocodile Gold Corp. said the Northern Territory Department of Mines and Energy granted in-principle approval for the International Mine pit redevelopment and proposed preparatory work within Crocodile Gold’s property in the Northern Territory of Australia. CRK lost 1 per cent yesterday.
Shona Energy Company, Inc. has signed a Letter of Intent with Altenesol LNG Colombia, S.A.S. to supply natural gas for Altenesol’s Nataly I liquefied natural gas Project. SHO lost nearly 3 per cent yesterday, moving closer to year low 20 cents.
EXFO Inc., Quebec City maker of testing equipment for telecom companies, which rose 4 per cent in climbing away from near year lows Tuesday, said in the fourth quarter of 2012, IFRS net loss totaled $3.7-million (U.S.), or $0.06 per share, compared to in the fourth quarter of 2011, IFRS net earnings amounted to $4.6-million, or $0.07 per diluted share.
Pacific Coal Resources Ltd. announced today that Chief Executive Officer, Luis Carvajales, has tendered his resignation, effective immediately. The duties of the CEO will be assumed by the company’s recently appointed Executive Chairman, Hernan Martinez.