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An investor looks at a monitor (not seen) in front of an electronic board showing stock information at a brokerage house in Shenyang, Liaoning province Aug. 15, 2012. Shanghai shares sank to their lowest in almost two weeks.


Canadian issues that are moving on early news

VoodooVox Inc. reported Wednesday a second-quarter net loss $1.8-million, $0.1 per share, on revenues of $1.3-million. In the same period last year, the net loss was $0.3-million on revenues of $2.1-million. No analyst estimates were available for comparison.

Argonaut Gold Inc. reported a second-quarter net income of $11.3-million, $0.12 per basic share, compared to consensus estimate of $0.11. Revenues totaled $37.5-million, which is below the $37.7-million estimate. In the corresponding period last year, net income was $5.2-million, or $0.06 per share, on revenues of $21.6-million.

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Aurizon Mines Ltd. announced today that the phase 2 exploration program on NioGold's Marban Block property is now complete. The program identified a new high grade zone approximately 500 metres north of the Marban deposit and 350 metres south of the Norlartic deposit.

Avion Gold Corporation reported second-quarter net earnings of $15.7-million, or $0.04 per share, beating consensus estimate of $0.02. Revenues came in at $49.4-million, also exceeding the $48-million estimate. In the same period last year, net earnings were $15.2-million in earnings, or $0.04 per share, on revenues of $37.9-million.

Nevado Resources Corporation announced today that it has started exploration on the Fermont graphite property. The goal of this initial program is to identify the graphite conductors using a Beep Mat and excavate trenches on the best conductors to assess the property's potential.

The Brick Ltd., which lost 2 per cent Monday but regained 3 per cent Tuesday to close in on a year high $4.19, said a second-quarter net loss of $3.1-million includes non-recurring finance costs of $17.1-million related to a Debenture redemption. Income before finance costs related to the redemption transaction and income taxes increased 53.5 per cent or $5.2-million to $15.1-million compared to $9.8-million in 2011.

Canadian Helicopters Group Inc. said its second-quarter net income amounted to $12.4-million or $0.93 per share, compared with $15.1-million or $1.15 per share in 2011. Reflecting the variation in net income, cash flows related to operating activities before net change in non-cash working capital balances was $17.4-million versus $21.3-million a year earlier. It also declared monthly dividends.

Labrador Iron Mines Holdings Limited, which lost nearly 4 per cent Tuesday, for the first quarter reported a loss of $10.6-million or $0.16 per share, compared to a loss of $4.7-million or $0.09 per share during the corresponding quarter of last year. The net loss reported included an amortization charge of $9.8-million, which was recorded concurrently with the commencement of full-scale mining operations.

Centric Health Corporation posted a second-quarter net income of $42.4-million (per share basic $0.38 and diluted $0.34) versus $11.7-million a year earlier (per share basic $0.15 and diluted $0.11). It also completed details of the LifeMark earn out and adjusted shares to be issued to vendors.

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Aeterna Zentaris Inc., which rose 7 cents or 16 per cent on Tuesday in climbing away from near year lows, said second-quarter net income amounted to $4.5-million or $0.04 per basic and diluted share compared to a net loss of $10.6-million or $0.12 per basic and diluted share for the same quarter in 2011. It said this significant decrease in net loss is mainly attributable to higher net finance income.

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