A look at Canadian issues moving on early news
Sierra Wireless (SW-T), which lost 3 per cent on Friday, announced today that it has entered into an exclusivity agreement for the acquisition of Sagemcom's machine-to-machine (M2M) business. Sierra Wireless submitted a binding offer to acquire all of the assets of the business for 44.9-million euros.
Nevsun Resources Ltd. (NSU-T), which was last traded at $3.87, said the Bisha Mine copper expansion project is proceeding well against schedule and budget. The Bisha copper expansion project will expand ore processing capacity from 2 to 2.4 million tonnes per year.
Extorre Gold Mines Limited (XG-T), which fell 2 per cent on Friday, announced today that it has signed an agreement with Yamana Gold Inc. (YRI-T). Under the agreement, Yamana will acquire all of the issued and outstanding common shares of Extorre, and each Extorre shareholder will receive $3.50 in cash and 0.0467 of a common share of Yamana in exchange for each Extorre Share held.
Colossus Minerals Inc. (CSI-T) today announced assay results from the 15,000 metre surface drilling program at its 75 per cent owned Serra Pelada Gold-Platinum-Palladium Project in the State of Para, Brazil.
Aecon Group Inc. (ARE-T) today announced that its backlog stood at $2.663-billion as of May 31, 2012, compared with the $2.379-billion reported Match 31, 2012 at the end of the first quarter. The company will have a webcast of its Investor Day in Toronto from 1 - 5 p.m., where it will outline its current strategy.
Capstone Mining Corp. (CS-T) today announced the results of the Phase VI Pre-Feasibility Study for its Minto copper-gold mine in Yukon.
Yukon-Nevada Gold Corp. (YNG-T) announced that its wholly-owned Jerritt Canyon processing facility in Nevada has reached steady-state operation. After facing a series of challenges in reaching target gold production rates earlier this year following a planned shutdown in January, Jerritt Canyon has operated continuously over the last month processing an average of 4,112 tonnes per day.
Valeura Energy Inc. (VLE.TO) has gained around 5 per cent early Monday after announcing that it has been awarded two new exploration licences on a 100 per cent working interest basis in southeast Turkey by the General Directorate of Petroleum Affairs of the Republic of Turkey. These awards include Bostanci Licence 4985 at the juncture of the Syria and northern Iraq borders and Karakilise Licence 5052 near the city of Diyarbakir.
Laramide Resources Ltd. (LAM-T) provided a significant permitting update on the La Sal Uranium Project in San Juan County, Utah.
EMED Mining Public Limited (EMD-T), a Europe-based minerals development and exploration company, informed shareholders that the webinar and investor briefing update planned for 15.00 BST has been postponed. As new time will be announced shortly.