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Chartwell Seniors Housing Real Estate Investment Trust announced Friday results for the three months ended June 30, 2011. It had a net loss of $18.8-million compared with a net loss of $2.1-million in the same 2010 quarter. Adjusted funds from operations in the second-quarter of 2011 was $21.9-million ($0.15 per unit diluted) compared to $21.2-million ($0.16 per unit diluted) in the second-quarter of 2010. Incremental contributions from the property portfolio, due to acquisitions completed in the prior year and lower interest expense due to the redemption of $125-million of convertible debentures in the fourth-quarter of 2010, were offset by lower mezzanine loan interest and management fee income as well as higher general, administrative and trust expenses primarily related to continuing information technology investments and the added costs of the harmonized sales taxes. Per unit amounts were impacted by the 11.5 per cent increase in the weighted average number of units outstanding compared to the prior year. In the second-quarter of 2011, funds from operations increased to $24.0-million ($0.17 per unit diluted) from $23.6-million ($0.18 per unit diluted) in the same period last year. It said in addition to the items discussed above, funds from operations have also been impacted by changes in the amortization of financing costs and the fair value adjustments on mortgages payable.

Huntingdon Real Estate Investment Trust late Friday announced second-quarter 2011 results. Occupancy improved by 130 basis points to 84.7 per cent compared to the same quarter in 2010 due to increased leasing activity and decreased by 120 basis points from the first-quarter 2011 due to the loss of tenants in two investment properties in Manitoba. Profit of $10.0-million declined by $1.0-million compared to last year due to the sale of investment properties during 2010 and increased by $0.4-million compared to the first-quarter this year. Basic net operating income per unit at $0.69 per unit was consistent with the second-quarter of 2010 and was slightly higher than the first-quarter this year. Funds from operations before current tax of $4.9-million increased by $1.0-million compared to last year and increased by $0.4-million compared to the first-quarter of 2011 as a result of higher occupancy and better cost management. Basic funds from operations before current tax per unit at $0.34 per unit increased by 36 per cent compared to the second-quarter of 2010 and increased by 9.7 per cent in comparison to the first quarter this year. Funds from operations of $4.1-million increased by $0.3-million compared to last year and increased by $2.5-million in comparison to the first quarter due to lower finance costs coupled with a lower current income tax provision. Basic funds from operations per unit at $0.29 per unit increased by 16.0 per cent from the second-quarter of 2010 and was significantly higher than this year's first quarter. Adjusted funds from operations of $3.5-million increased by $1.5-million compared to the second-quarter of 2010 and improved by $3.8-million over the first-quarter 2011. Basic adjusted funds from operations per unit at $0.24 per unit increased by 84.6 per cent in comparison to the second-quarter of 2010 and was significantly higher than 2011's first-quarter.

Amica Mature Lifestyles Inc. , a leader in the management, marketing, design, development and ownership of luxury housing and services for mature lifestyles, announced the company's operating and financial results for the fourth-quarter and fiscal year ended May 31, 2011. It also approved a quarterly dividend of $0.095 per common share on all issued and outstanding common shares which will be payable on September 15, 2011, to shareholders of record on August 31, 2011. This represents a 12 per cent increase in the quarterly dividend from $0.085 per common share. Consolidated revenue increased $5.94-million to $16.59-million; profit attributable to Amica shareholders increased by $9.23-million to $9.0-million and basic and diluted net earnings per share increased from a loss of $0.01 in the fourth-quarter last year to earnings of $0.40. CFFO increased $0.55-million to $2.06-million and basic and fully diluted CFFO per share increased $0.01 to $0.09, while FFO decreased by 2 per cent to $2.17-million from $2.21-million and basic and diluted per share FFO decreased $0.02 to $0.10. AFFO decreased by 16 per cent to $1.78-million from $2.13-million and basic and fully diluted per share AFFO decreased $0.03 to $0.08.

ProMetic Life Sciences Inc. reported its financial results for the second-quarter of 2011. Total revenue, which was derived from the Protein Technologies unit, was $3.0-million compared with $5.3-million in 2010. It said the second-quarter revenue came from sales of affinity adsorbents to major pharmaceutical companies as well as a second tranche of revenue recognized from the Celgene Corporation transaction. "The difference in year over year comparison is explained by the fact that the company was completing delivery, in the second-quarter of 2010, of a substantial order announced in 2009 whereas delivery of substantial orders in 2011 are planned for the second half of the year, therefore making strictly quarter to quarter comparison less relevant." The company generated a net loss of $1.8-million or $0.00 per share (basic and diluted), for the second-quarter ended June 30, 2011, as compared to a net loss of $0.9-million or $0.00 per share (basic and diluted) for the quarter ended June 30, 2010. The combined costs of goods sold and rechargeable research and development expenses for the quarter ended June 30, 2011, totalled $1.0-million compared to $1.4-million for the quarter ended June 30, 2010. Non rechargeable research and development expenses were $2.2-million for the quarter ended June 30, 2011, compared to $2.7-million for the quarter ended June 30, 2010. Operating costs for the quarter decreased to $4.5-million from $5.7-million in the previous year.

Brigus Gold Corp. produced 15,688 ounces of gold from its Black Fox Mine in the Timmins Mining district during the second-quarter of 2011, an 80 per cent increase over first-quarter production of 8,772 ounces, but reportedly down from 18,430 ounces in the previous corresponding period. The company incurred a net loss of $3.8-million for the quarter ended June 30, 2011 compared to a net loss of $19.1-million for the same period in 2010. It said: "Production from phase two of the open pit commenced during the quarter but was somewhat constrained in the initial stages while the mining area of the pit was developed. Initial grades from the phase two open pit are meeting expectations. Production in the underground mine also began but consisted primarily of pre-production development ore. Underground production from mining stopes is continuing to increase and grades are in line with the mine plan. Development of the underground mine has been slower than anticipated and has resulted in a longer ramp up period for underground production."

San Gold Corp. said its quarterly loss was cut to $4-million or 1 cent a share, compared with a loss of $7.9-million or 3 cents a share in the previous corresponding period. Record gold sale revenue in the second-quarter of 2011 of $28.4-million on the sale of 19,276 ounces was 126 per cent higher than revenue of $12.6-million recognized in the second-quarter of 2010. It said the increase in gold sales revenue in the second-quarter of 2011 is a result of a 61 per cent increase in the number of ounces sold and a 40 per cent increase in the average realized gold price compared to the second quarter of 2010. The company said it remains on track to deliver on its full-year guidance of 80,000 ounces at an average total cash cost of $825 per ounce of gold.

Mood Media Corporation , a leading in-store media solution provider, announced Monday its results for the three months ended June 30, 2011. Mood Media delivered record revenue of $96-million, and record EBITDA of $25.5-million, up 15.3 per cent organically from the previous quarter. Lorne Abony, chairman and chief executive officer of Mood Media, said in a statement: "In light of our momentum and progress, we look forward to a very promising remainder of 2011."

Intertainment Media Inc. is building on gains made last week, climbing more than 10 per cent early Monday after saying its has started beta testing of its real time communications platform, Ortsbo.com, for Google Android smart phones and mobile devices. A formal launch in the Android Marketplace is planned next month. In addition to mobile solutions for Apple and Android, Ortsbo earlier said it had filed a patent for its "O2O" mobile platform for portable computing devices and it expects that that product line will also be unveiled to consumers over the next 60 days.

ICN Resources Ltd. stabilized after touching a day low 39 cents early Monday after saying late Friday that additional drilling at its Goldfield bonanza project has extended the high-grade Church zone, identified in June, by another 250 metres. Overall, the exploration program has found new areas of mineralization over a combined length of 700 metres along the main structural corridor. The Goldfield mining district produced nearly 3 million ounces of gold between 1903 and 1912 and is located roughly halfway between Reno and Las Vegas in west-central Nevada. ICN is working the area under option from privately held Lode Star Gold Inc.

Aurora Oil & Gas Ltd. jumped more than 6 per cent after saying net production at the Sugarkane gas and condensate field in Texas reached 75,000 barrels of oil equivalent during July, a 22 per cent increase over June levels. Aurora participates in four areas of mutual interest in the Sugarkane Field with holdings equal to slightly over 21 per cent of the 76,660 acres in production. Aurora and its partners now have 45 wells in production along with another five wells waiting or being stimulated and five more wells currently being drilled. Aurora's net production was 2,820 barrels of oil equivalent daily, consisting of 78 per cent oil and natural gas liquids.

Avanti Mining Inc. is getting a small boost after saying initial assays from the first 10 holes at its Kitsault Mine molybdenum project in northwest British Colombia found significant levels of molybdenum, including one hole intersecting 252 metres averaging 0.077 per cent molybdenum and 4.7 grams per ton silver. Avanti executives said the recent drilling was intended to better define the northwestern portion of the deposit and to convert inferred resources into indicated resources. Kitsault is a previously operating molybdenum mine located north of Prince Rupert in British Columbia. Avanti completed a feasibility study at the mine late last year, finding 232.5 million tons of proven and probable molybdenum reserves averaging 0.081 per cent.

Astur Gold Corp. is up after securing another 2765 contiguous hectares surrounding its Salave deposit in northern Spain, expanding its size by about 600 per cent. The new exploration permit from the General Directorate of Mines and Energy of the Principality of Asturias allows Astur Gold to explore for additional gold resources while the company has committed to invest at least 570,000 Euros over the next three years to maintain the property in good standing. Salave is considered one of the largest undeveloped gold deposits in western Europe, containing an estimated 1.68 million ounces of measured and indicated gold.

Yukon-Nevada Gold Corp. announced a deal with the London branch of Deutsche Bank AG for a $120-million (U.S.) prepaid gold forward facility. The forward contract calls for Yukon-Nevada, through a subsidiary, to deliver 173,880 ounces of gold over a four-year span, starting with 1,000 ounces during the first six months and then 2,000 ounces monthly through the end of the first year, followed by 4,330 ounces per month over the remaining three years. Yukon-Nevada plans to use cash received to repay note holders from a financing last year led by Sprott Asset Management LP with any remaining funds set aside for capital projects at its Jerritt Canyon property in Nevada, including winterizing the processing facility and building a tailings storage facility .

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