Taseko Mines Limited , which fell 2 per cent yesterday, reported net earnings for the year ended Dec. 31 of around $27-million or 14 cents per share compared to $149.4-million or 80 cents a share a year. Adjusted net earnings were $17.5-million or 9 cents per share compared to $57.3-million or 31 cents per share.
TransGlobe Apartment Real Estate Investment Trust , which rose 1 per cent and moved closer to year highs yesterday, announced fourth-quarter net operating income increased to $30.4-million from $11.7-million in the prior year due to the significant portfolio growth. The NOI margin rose to 52.8 per cent from 52.5 per cent due to increasing economies of scale resulting from the significant portfolio growth through 2011.
Vero Energy realized a net loss of $79.2-million or $1.62 per basic and diluted share in the three months ended December compared to a loss of $3.4-million or 7 cents per basic and diluted share a year earlier. It said the loss was principally attributable to impairments taken on the oil and gas assets as well as goodwill at the end of the year. Further loss was driven by write-downs associated primarily with the fair value of the natural gas assets sold.
Romarco Minerals Inc. , which lost 5 per cent in moving closer to year lows on Monday, reported a $3.4-million net loss for the three months ended Dec. 31, 2011. The reported net loss for the year ended 2011 is $15.7-million.
Mandalay Resources Corporation said during the quarter ended Dec. 31, 2011, it achieved revenue of $24.2-million (U.S.) and EBITDA of $3.4-million. Net income was $955,754 ($0.00 per share), including a non-cash, fair-value charge of $2.8-million related to change in value of its silver and gold put options and silver note payable and deferred tax income of $4.45-million. Underlying net loss, before application of these non-cash adjustments was $662,596 (negative $0.01 per share).
MEGA Brands Inc. will report its financial results for the fourth quarter and year ended Dec. 31, 2011 before markets open on March 14, 2012. A conference call will be held at 9am on March 14, 2012 to discuss the results and business outlook.
GMP Capital Inc. will release its fourth-quarter and fiscal 2011 results and host an earnings conference call on Wednesday, March 14, 2012. Financial results are expected to be released at approximately 6am (ET) and the conference call will be held that morning at 10am (ET).
Endeavour Mining Corporation , which is trading close to year highs, will release its financial results for the year ended Dec. 31, 2011 on Tuesday, March 13, 2012 after the close of the TSX market.
Northern Property Real Estate Investment Trust will release its fourth-quarter earnings on March 13, 2012 to be followed by a conference call on March 14, 2012 at 1pm Eastern Time.
Sego Resources , which rose 3 per cent to near year highs yesterday, announced the results of its January 2012 diamond drilling program at its Miner Mountain Project near Princeton, B.C. It announced 100.39m of 0.964 per cent Cu 0.55 g/t Au and 3.473 g/t Ag in DDH 21 including 35.05m of 2.457 per cent Cu 1.35 g/t Au and 8.896 g/t Ag at Miner Mountain Copper-Gold Porphyry Project.
Follow us on Twitter: