Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
The company said it had $87.2-million of cash “and equivalents” as of Dec. 31 leaving it “well-positioned to execute on its permitting, development, and exploration activities” at its Valentine Gold Project in Newfoundland and Labrador.
Net income was $45.7 million or 70 cents per share, an increase from $43.2-million or 83 cents a year earlier, the company stated.
Adjusted EBITDA of US$47.9-million compared to US$4.8-million a year earlier.
The company reported net income of US$24.3-million or 16 US cents per share compared to a loss of US $9.4-million or 7 US cents a year earlier.
The Westaim Corp. (WED-X) reported preliminary unaudited fourth-quarter results, including net profit that it says is expected to be in the range of US$5.7-million to US$6.6-million or 3 cents to 4 cents US per diluted share.
Westaim’s adjusted net profit is expected to be in the range of US$10.9-million to US$11.8-million or 6 US cents to 7 US cents per diluted share.
Westaim said it plans to release fourth-quarter and full-year 2021 audited results on or before April 7.
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