Thursday's small-cap stocks to watch

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Our roundup of Canadian small-caps making news and on the move today. This post will be updated through the morning.

Imax Corp. reported adjusted fourth-quarter earnings per share of 34 (U.S.) cents on revenue of $102.5-million. The results beat Street estimates of 30 cents and $95.28-million, respectively.

In the fourth quarter, the company signed contracts for 16 theater systems, of which 3 were upgrades, bringing total signings for 2014 to 118, of which 14 were upgrades. The company also installed 57 theater systems in the quarter, of which 2 were upgrades of existing theater locations, bringing the full year installation total to 121 theater systems, of which 8 were upgrades.

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Chorus Aviation Inc. reported fourth-quarter adjusted EPS of 20 cents (Canadian) - up nearly 18 per cent from a year earlier - on revenue of $401.3-million.

"I am pleased with our strong financial and operational results," said Joseph Randell, President and Chief Executive Officer, Chorus. "Quarter-over-quarter, we experienced increases in our key financial performance measures of operating income, adjusted EBITDA and adjusted net income.

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North American Palladium Ltd. announced operating and financial guidance for 2015 for its Lac des Iles mine located in northwestern Ontario.

Payable palladium production for 2015 is expected to increase by approximately 12 per cent to between 185,000 and 205,000 ounces, from 174,194 in 2014.

"With the successful ramp up of operations in 2014 complete, we are now well positioned to consider optimization and life of mine expansion opportunities at LDI in 2015," said Phil du Toit, President and Chief Executive Officer. "Key priorities for 2015 will be on further improving the reliability and consistency of production, cost performance and evaluating the potential of the large mineral resource at LDI to support an extended mine life."

The company also released its year-end 2014 results; among the highlights was a 29 per cent increase in its payable palladium production for the year.

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Absolute Software Corp. announced that information security industry veteran Christopher Bolin will join the company as chief product officer next month.

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Alamos Gold Inc. reported a fourth-quarter loss of 3 cents a share on revenue of $46.1-million. The Street was expecting a loss of 2 cents on revenue of $48.06-million.

"We produced 140,500 ounces of gold in 2014 at total cash costs of $703 per ounce. Despite lower production from the mill in 2014, our operating costs remained at the low end of our full year guidance, driven by another strong performance from our open pit, heap leach operation," said John A. McCluskey, CEO.

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Pan American Silver Corp. today reported on its Dec. 31, 2014 mineral reserves and resources. Pan American's mineral reserves are estimated to contain 300 million ounces of silver and 2.32 million ounces of gold, down from the 323.5 million ounces of silver and 2.49 million ounces of gold reported a year ago. The company used long term metal prices assumptions of $18.50 per ounce of silver and $1,250 per ounce of gold to estimate its current reserves, both lower than the long term prices used at the end of 2013. At the same time, the company reported that its measured and indicated silver mineral resources increased 2 per cent to 731 million ounces, while measured and indicated gold mineral resources increased 13 per cent to 1.8 million ounces.

Pan American Silver also reported its fourth-quarter financial results today and said its board has approved a quarterly dividend of 12.5 cents per share.

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Teranga Gold Corp. reported its fourth-quarter revenue rose 31 per cent from a year ago to $76.5-million while profit per share swung to an 8 cent profit from a 1 cent loss a year earlier.

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Boralex Inc. reported a Q4 EPS of 72 cents (Canadian) on revenue of $54.2-million. The Street was expecting revenue of $53.8-million.

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Com Dev International Inc. said that the recent slide in the value of the Canadian dollar has resulted in a loss on its currency hedge portfolio. The space hardware company, which generates about 30 per cent of its revenues in U.S. dollars, hedges its exposure to currency fluctuations to protect against U.S. dollar weakness. The company estimated its unrealized loss at up to $10-million. On the upside, a weak Canadian dollar should improve Com Dev's competitive position. "Any cash impact from the hedges is expected to be more than offset over future months with lifts in revenue and gross profit that would result from continued weakness in the Canadian dollar," the company said.

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Altius Minerals Corp. said it has completed the sale of its investment in Virginia Mines Inc., after the transaction was approved by shareholders in January. In November, Virginia Mines and Osisko Gold Royalties Ltd. announced a plan to merge into a royalty company with revenue from two Quebec operating gold mines. "While it believes that the combination of these two companies has created a very strong new entrant within the precious metals royalty sector that will continue to generate value for its shareholders, Altius elected to dispose of its shares in order to strengthen its balance sheet as it continues to focus on opportunities within the diversified mining royalty sector," the company said. The divestiture generated approximately $41-million in proceeds.