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Workers tap deep into North Dakota’s Bakken formation, on a Precision Drilling rig in this file photo.

The Globe and Mail

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

Parallel Energy Trust said it is postponing its 2015 drilling program indefinitely until "a sustained commodity price recovery is evident." The company has cut its dividend to $0.01 per unit from $0.025. Management also revised its 2015 capital budget to $3.1-million from $10.5-million, lowered its production target to 6,800 barrels of oil equivalent per day from 7,100, and withdrew its guidance pertaining to cash flow and the payout ratio for the year ahead.

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Anglo Pacific Group PLC said its scrip dividend alternative has been withdrawn as its share price traded below a certain threshold on Wednesday. Its shareholders will receive their interim dividend in cash on February 4.

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Centamin PLC said its current chief operating officer, Andrew Pardey, will become chief executive officer and join the Board of Directors effective February 1. The interim chief executive officer, Josef El-Raghy, will retain his position as chairman following this move.

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Richmont Mines Inc. said it plans to sell between 78,000 and 88,000 ounces of gold in 2015. The midpoint of this range represents a 12 per cent decline from the amount of gold it sold in 2014. "It is important to note that we will be laying the groundwork for Island Gold's future in 2015, and this will involve extensive development and drilling and therefore a sizeable investment this year," said president and chief executive officer Renaud Adams. "Once completed, however, we expect to have numerous years of established mine life at lower costs ahead of us, and we will be very well-positioned for growth."

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ARHT Media Inc. said that Kevin O'Leary, an entrepreneur best known for his roles on Dragons' Den and Shark Tank, will be joining its Board of Advisors. The firm's board boasts a plethora of household names, including Jason Bateman, Larry King, and Richard Bronson.

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Detour Gold Corporation said it plans to produce between 475,000 and 525,000 ounces of gold in 2015. The midpoint of this range represents a near 10 per cent increase from production in 2014.

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Fortuna Silver Mines Inc. said its silver and gold production in 2014 exceeded its guidance by 10 and 9 per cent, respectively, and that it plans to produce a similar amount in 2015. "Our focus is on the execution of construction plans to increase capacity at our San Jose Mine in Mexico by fifty percent to three thousand tonnes per day, to be commissioned in mid-2016," said president and chief executive officer Jorge Ganoza. "Post expansion, our San Jose Mine will rank among the fourteen largest primary silver producers in the world with an all-in cash cost below ten dollars per ounce net of by-product gold."

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Dundee Precious Metals Inc. announced that its fourth-quarter and year end mine and smelter production were in line with the guidance announced on Nov. 5, 2014. The company says its Chelopech mine achieved record gold and copper production, while copper blister production hit a record high at its Tsumeb smelter.

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Gluskin Sheff + Associates Inc. announced that its Estimated Assets Under Management ("AUM") as of Dec. 31, 2014, were $8.2-billion, an increase of $152-million, or 1.9 per cent, from Sept. 30, 2014. "This increase in AUM is attributable to positive net investment performance of $36-million and net additions of $116-million. $84-million in net additions were from high net worth clients and $32-million in net additions were from institutional clients," says the company, in a statement.

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Sandvine Corp. said it earned $8.1-million (U.S.) in the fourth quarter on revenues of $34.2-million, figures which exceeded analysts' estimates. "We finished 2014 with record quarterly revenue," said president and chief executive officer Dave Caputo. "I am pleased that we managed to improve profitability for the year while continuing to invest in our business and launch industry-leading new products like the PTS 32000."

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More to come.

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