Skip to main content
The Globe and Mail
Support Quality Journalism.
The Globe and Mail
First Access to Latest
Investment News
Collection of curated
e-books and guides
Inform your decisions via
Globe Investor Tools
per week
for first 24 weeks

Enjoy unlimited digital access
Cancel Anytime
Enjoy Unlimited Digital Access
Get full access to
Just $1.99per week for the first 24weeks
Just $1.99per week for the first 24weeks
var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(}function setPanelState(o){dom.root.classList[o?"add":"remove"](,dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){window.requestAnimationFrame(function() {var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))});}pencilInit(".js-sub-pencil",!1); // via darwin-bg var slideIndex = 0; carousel(); function carousel() { var i; var x = document.getElementsByClassName("subs_valueprop"); for (i = 0; i < x.length; i++) { x[i].style.display = "none"; } slideIndex++; if (slideIndex> x.length) { slideIndex = 1; } x[slideIndex - 1].style.display = "block"; setTimeout(carousel, 2500); } //

A WestJet airplane comes in for a landing at Calgary International airport in this file photo.


Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

Precision Drilling (PD-T; PDS-N) reported second quarter revenue of $276 million, an increase of 68 per cent over the second quarter of 2016.

Its net loss was $36 million or 12 cents per share compared with a net loss of $58 million or 20 cents per share a year ago.

Story continues below advertisement

"I am very pleased with the substantial improvement in our business and particularly the improved financial results we generated during the second quarter compared to the dismal environment of 2016," stated CEO Kevin Neveu.

Analysts were expecting a loss of 21 cents and revenue of $271 million.


Aurora Cannabis Inc. (ACB-T) says it will make a strategic investment in Hempco Food and Fiber Inc. (HEMP-X) of up to 19.9 per cent as part of an amended partnership agreement.

"Additionally, subject to customary conditions including Hempco shareholder approval and the negotiation and execution of an option agreement, Aurora will be granted an option to acquire certain shares from the majority owners of Hempco, which, upon exercise, would bring Aurora's total ownership interest in Hempco to 50.1 per cent on a fully diluted basis," the companies said in a release. "If Aurora elects to exercise this option, the shares will be acquired in tranches, the pricing of which is contingent on certain performance milestones of Hempco."


Capstone Mining Corp. (CS-T) reported net income of $12.8 million or 3 cents per share in the second quarter compared to a loss of $13.4 million or 3 cents a year ago.

Story continues below advertisement

Revenue was $115.2 million compared to $100.2 million a year earlier.

Analysts were expecting earnings of 2 cents and revenue of $110.2 million.


Bravura Ventures Corp. (BVQ-C) says it has option to acquire 100 per cent of the Rabbit Property near Cobalt, Ont. in a share exchange agreement.

The agreement includes payment of $350,000 and the issuance of four million common shares to be paid upon closing.

"We are very pleased to be in what we feel is the epicenter of past cobalt producing mines in Ontario with a property that has strong showings and exploration potential," the company stated.

Story continues below advertisement


Excellon Resources Inc. (EXN-T) reported second quarter revenue of $3.6 million versus $5.4 million in the same period a year ago.

Its net loss was $502,000 versus a loss of $4.3million a yer earlier.

Its adjusted net loss was $2.2 million or 3 cents per share versus adjusted net income of $900,000 or a penny per share last year.


Dundee Precious Metals Inc. (DPM-T) says it has an agreement to combine its wireless underground communications technology with that of MineRP Holdings Proprietary Limited and acquire a majority interest in MineRP.

Story continues below advertisement

"The combination will create a leading technology provider well positioned to further capture the rapidly growing demand in the mining industry for digital innovation," the company said.

Dundee will transfer its Terrative Digital Solutions division into a new Canadian subsidiary and provide initial funding of $20 million (U.S.), the proceeds of which it says will be used to acquire an initial 78-per-cent interest in the common shares of the new company, repay existing MineRP debt and provide MineRP with working capital.

Dundee has also agreed to provide the new company or its subsidiaries with up to $5 million of additional financing, if required, "to support its working capital and growth initiatives."

It said the balance of the common shares the new company will be held by an entity owned by MineRP management and employees.


WestJet Airlines (WJA-T) says some of its WestJet Rewards member profile data has been disclosed online by an unauthorized third party.

Story continues below advertisement

"None of the data contained credit card or banking information," the company stated in a release. 

The airline said it has "taken immediate steps to secure affected systems and has been working closely with the Calgary Police Service and the RCMP cybercrime unit in its investigation."


Akita Drilling Ltd. (AKA.A-T; AKA.B-T) reported a net loss of $4.5 million or 25 cents per share in the second quarter. That compared to a net loss of $4 million or 23 cents per share a year ago. The expectation was for earnings of 28 cents.

Funds flow from operations increased to $3.3 million in the second quarter of 2017 from $2.7 million a year ago.

Adjusted revenue increased to $25.3 million or $27,142 per operating day compared to $5 million or $41,025 per operating day during the second quarter of 2016 "as a result of increased drilling activity in the industry," the company said.

Story continues below advertisement


Continental Gold Inc. (CNL-T) says six security contractors providing services to the company "perished from apparent asphyxiation" during an incident in an illegal mine. It said the mine was located away from the company's current operations at the Buriticá Project in Antioquia, Colombia.

"The company is working with government agencies to provide full support to the families of the victims and will continue to cooperate with the government to intensify efforts to ensure security and legality in the region," it stated in a release.


Sabina Gold & Silver Corp (SBB-T) says it's raising $6 million in a non-brokered private placement.

It will sell up to 2.1 million flow through common shares at a price of $2.85 each.

It said the proceeds will be used for exploration on its Back River project.


Carmanah Technologies Corp. (CMH-T) says it's buying New Zealand-based Vega Industries Limited, a leading competitor in the worldwide marine aids to navigation market, for about $9 million (U.S.)

"The Vega acquisition will strengthen our worldwide product portfolio and allow us to provide more comprehensive single-source solutions for our marine customers," said John Simmons, Carmanah CEO in a release. "The acquisition of Vega has been on our roadmap for many years, and continues our growth strategy in the Signals market."


Platinum Group Metals Ltd. (PTM-T; PLG-N) says it continues to work with BMO Capital Markets and Macquarie Capital to "review and assess strategic alternatives."

The company said on Monday that it has received "several proposals and is actively engaged in evaluating a number of specific opportunities at both the asset and corporate levels."

It has received"several expressions of interest" for the Maseve Mine assets.

"The company recognizes the opportunity for significant regional synergies in the Western Bushveld region," it stated. "In addition to the execution of its own revised mine plan at Maseve, the company is actively exploring possible synergies, sale of assets, joint ventures, direct investment and custom milling."

It also says it has "active interest in its Waterberg Project from multiple parties in South Africa and internationally."


Katanga Mining Limited (KAT-T) says a group of its independent board directors is conducting a review of some of the company's past accounting.

"The independent directors have concluded that certain of the company's historical financial statements and related management's discussion and analysis will likely require restatement," the company said in a release.

It said the directors are working with Katanga's external auditors, Deloitte & Touche, its outside legal counsel and outside accounting advisors "to review historical accounting relating to the production of copper cathode, copper concentrates and stockpiled ore, which may have an impact on the occurrence, classification and valuation of inventories and property, plant and equipment."

It said the unaudited interim financial statements for the three and six months ended June 30, 2017 are expected to be delayed.

Your Globe

Build your personal news feed

  1. Follow topics and authors relevant to your reading interests.
  2. Check your Following feed daily, and never miss an article. Access your Following feed from your account menu at the top right corner of every page.

Follow the author of this article:

View more suggestions in Following Read more about following topics and authors
Report an error Editorial code of conduct
Tickers mentioned in this story
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to If you want to write a letter to the editor, please forward to

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour.

We aim to have all comments reviewed in a timely manner.

Comments that violate our community guidelines will not be posted.

UPDATED: Read our community guidelines here

Discussion loading ...

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies