Temple REIT , which hit year highs on Tuesday, achieved "substantial" growth in key revenue, income and cash flow measurements in 2011. Highlights include: net income before loss on disposal of property and equipment, change in fair value of financial instruments and income tax expense (recovery) increased by $3.48-million, or 305 per cent, and funds from operations increased by $3.49-million, or 60 per cent.
New Dawn Mining Corp. , which rose nearly 10 per cent on Tuesday, reported an 86.1 per cent increase in consolidated sales and a 40.3 per cent increase in consolidated gold production for the quarter ended March 31, 2012, as compared to the quarter ended March 31, 2011.
Cerro Grande Mining Corp. , which rose 20 per cent on Tuesday in moving away from a year low 40 cents, announced an update to its settlement agreement with the Labor Union of Pimenton and the withdrawal of proposed amendments to its stock option plan.
Pure Nickel Inc. reported that its net loss was in line with expectations: $481,230 ($0.01 per share) for the first quarter, compared to a net loss of $360,701 ($0.01 per share) in the same period last year.
Terrex Energy Inc. , which slumped 15 per cent to year lows on Tuesday, reported crude oil and natural gas reserves information for the year ended Dec. 31, 2011 and a summary of operational and financial results for the year ended Dec. 31, 2011.
Blackhawk Resource Corp. announced the signing of a letter of agreement related to selling one of its Bodo properties to an arm's length party. The Bodo property, which has one producing well, has average net production of 56.5 barrels of oil a day. The property is to be sold for gross proceeds of approximately $6-million on or around May 16, 2012.
Wildcat Exploration Ltd. reported preliminary results from the winter drilling on the Mike Power property. Significant assay results from quartz veins intersected by drilling include 15.5 g/t gold over 0.27 m and 9.0 g/t over 0.37 m.
Neovasc Inc. , which closed down 1 per cent yesterday, announced its financial results for the year ended Dec. 31, 2011. Revenues increased 21 per cent year-over-year to $5.3-million from $4.4-million for the same period in 2010. Loss, however, rose to $3.9-million during the year compared to last year's $2.7-million. Cash and cash equivalents were $2.4-million.
Ultracapacitor products maker Nesscap Energy Inc. reported its financial results for the year ended Dec. 31, 2011. Sales for the year increased by 15 per cent to $15.9-million, compared to $13.6-million for the same period in 2010. Net loss for the year was $4.8-million, compared to a loss of $1.8-million in 2010. The company has cash and cash equivalents equal to $1.6-million.
VentriPoint Diagnostics which was up 7 per cent at yesterday's close announced today that it has signed a joint development agreement with a global ultrasound manufacturer to develop a combination 2D ultrasound-VMS total heart analysis system for worldwide application.