Canadian issues that are moving on early news
Rockwell Diamonds Inc., which is trading at year low levels, said net loss for the second quarter totalled $2.4-million. Although the company didn’t provide comparison figures, MidnightTrader ran a story in October 2011 saying Rockwell reported a net profit of $2-million for the year earlier period.
OceanaGold Corporation has signed an offtake agreement with Trafigura in relation to the sale and purchase of copper concentrate from the Didipio Project in northern Luzon, Philippines. The signing of the offtake agreement was foreshadowed by the Heads of Agreement signed by the Company and Trafigura. OGC rose nearly 6 per cent yesterday, moving closer to year high $3.45.
Anaconda Mining Inc. reported first quarter 2013 net income of $1.5-million, or $0.01 per basic and fully diluted share. Revenues were $6.9-million. Gold sales volume was 4,217 ounces, representing a 48 per cent increase over the same period in 2011. ANX was last trading at 14 cents per share.
Dia Bras Exploration Inc. has commenced another resource-expansion drilling programme designed to increase the resource tonnage and categories of the Antacaca Sur, Rosaura and Catas orebodies at the Yauricocha mine in Peru. Three new diamond holes have been drilled in the Antacaca orebody, 8 in the Rosaura orebody, and 19 holes in the Catas orebody. DIB closed in the red yesterday at $2.73.
Vero Energy Inc., which gained more than 8 per cent Thursday, reported its drilling program and operating results for the third quarter of 2012. The company had a 100 per cent success rate drilling eight (5.7 net) Cardium horizontal wells, in its light oil play in Western Canada.
Freegold Ventures Limited, which is trading close to year lows, said it intersected 606.2 metres grading 0.57g/t Au and 290.3 metres grading 0.67 g/t Au at its Golden Summit Project, Alaska.