Trader Michael Zicchinolfi works on the floor of the New York Stock Exchange, March 30, 2012.BRENDAN MCDERMID
New Flyer Industries Inc. , a manufacturer of heavy-duty transit buses in Canada and the United States, announced order activity for the first fiscal quarter of 2012 ended April 1, 2012. It said first-quarter order activity was for 176 buses or 176 equivalent production units, with a total value of $77.8-million.
Norbord Inc. reported EBITDA of $21-million in the first quarter of 2012 compared to $9-million in the prior quarter and $14-million in the same quarter last year. It said the improvement reflects a 7 per cent quarter-over-quarter increase in North American benchmark OSB prices as well as continuing strong results from the company's European operations.
Yukon-Nevada Gold Corp. , which fell 3.5 per cent and closer to a year low of 23 cents yesterday, announced that it has initiated a process to explore and evaluate potential strategic alternatives to maximize shareholder value.
Valeura Energy Inc. provided an update of its first-quarter 2012 operational activities in Turkey and Canada. It said Turkey natural gas price realizations were up 5.5 per cent in the first quarter of 2012 and a further 20 per cent on April 1, 2012. Corporate production was down 15 per cent due primarily to deferral of thrace basin drilling pending 3D seismic interpretation.
GobiMin Inc. reported its financial and operating results of 2011 and announce the declaration of an annual dividend of $0.01 per share. It reported a profit of $2.5-million or basic earnings per share of positive 5 cents compared to a loss of $3.6-million or basic earnings a share of negative 5 cents a year earlier.
Orbite Aluminae Inc. announced today that recently completed assays of clay samples from the Grande-Vallee Marin Sector support the previously known correlation between and association of potentially high-value rare earth elements and rare metal elements with alumina. The stock closed down by 4 per cent yesterday.
International Tower Hill Mines Ltd. announced today that it will be commencing two major field drill programs consisting of district-wide exploration and condemnation drilling at its Livengood Gold Project. The company plans to drill 3,000 metres in 10 core holes as part of its initial district-wide exploration program focused on making new discoveries in its 145 square kilometer land package.
Northcore Technologies Inc. announced today the signing of a new customer contract through its wholly owned subsidiary, Envision Online Media Inc. Amit Monga, CEO, said: "This latest signing demonstrates the type of momentum that we expect to persist."
Amerigo Resources Ltd. announced production results for the first quarter of 2012 from Minera Valle Central. The company said MVC produced a record 13.88 million pounds of copper and 216,292 pounds of molybdenum during the three months ended March 31, 2012.
PC Gold Inc. announced further results from the 2012 winter drill program. The winter drill program has intersected veining in 15 of 17 holes drilled to date, 8 of which encountered visible gold, 1 of which (PC-12-253) returned abundant fine-grained visible gold with 137.19 g/t goldover 1.00 metre.