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Our roundup of Canadian small-caps of between $100-million and $3-billion in market capitalization making news

MAG Silver Corp. (MAG-T) reported net income of US$8.2-million or 8 cents US per share for the third quarter ended Sept. 30. The compared to a net loss of US$2.3-million or 2 cents USper share a year ago.

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Dundee Corp. (DC-A-T) reported third-quarter net earnings attributable to owners of the corporation of $4.6 million or 4 cents per share, compared to a loss of $48.2-million or 56 cents a year ago.

“Dundee returned to profit in the third quarter, partly due to strong investment performance from one of its core portfolio holdings, Reunion Gold Corporation, [which] is advancing the world-class Oko West gold project in Guyana,” stated CEO Jonathan Goodman.

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Shawcor Ltd. (SCL-T) reported third-quarter revenue was $335-million up from $291.4-million a year ago. The expectation was for revenue to come in at $317.7-million, according to S&P Capital IQ.

Order backlog for execution in the next 12 months rose by 30 per cent to $1.01-billion as of Sept. 30 versus $779-million as of June 30, the company stated.

Net income of $23-miillion or 33 cents per share compared to a loss of $8.2-million or 12 cents a year ago. The expectation was for EPS to come in at 10 cents.

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Cronos Group Inc. (CRON-T) announced the appointment of James Holm as chief financial officer, effective immediately. Mr. Holm succeeds Bob Madore, who is leaving the company.

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mdf commerce inc. (MDF-T) reported revenue of $33.2-million for its second quarter ended Sept. 30. The result was up from $25.1-million for the same quarter last year and slightly ahead of expectations of $33.06-million.

Its net loss was $89.8-million, primarily driven by an $85-million impairment loss, compared to a loss of $6.3-million a year ago. Its adjusted net loss was $4.8-million  or 11 cents per share compared to a loss of $6.3-million or 19 cents last year. The expectation was for an adjusted loss of 12 cents per share.

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Taiga Motors Corp. (TAIG-T) reported third-quarter revenue of $1.3-million. The company reported its initial revenue of $141,461 during the first quarter of 2022.

The company said its net loss before other expenses for the period was $15.6-million compared to $4.9-million in the third quarter of 2021.

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enCore Energy Corp. (EU-X) announced plans to acquire the Alta Mesa In-Situ Recovery uranium project from Energy Fuels Inc. (EFR-T) for US$120-million.

“The transaction will position enCore as a leading US-focused ISR uranium company with the proven management expertise required to advance multiple production opportunities within its portfolio,” it stated.

EnCore also announced a $60-million bought-deal financing in connection to the deal. It said it has an agreement with a syndicate of underwriters that will buy 20 million of subscription receipts of enCore for $3 each. The net proceeds will be used to partially fund the cash portion payable to Energy Fuels.

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Cargojet Inc. (CJT-T) announced it has renewed and extended its air cargo services agreement with United Parcel Service Canada Ltd. for an additional five-year term. The current agreement was due to expire on July 1, 2025 and the new agreement is extended to Dec. 31, 2030, it stated.

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Guardian Capital Group Ltd. (GCG-A-T) reported revenue of $72.2-million in the third quarter, compared to $72.4-million a year ago. The result was ahead of expectations of $70.4-million, according to S&P Capital IQ.

Its net loss was $7.6-million or 31 cents per share versus a profit of $7.1-million or 27 cents a year ago.

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Senvest Capital Inc. (SEC-T) reported a net loss of $118.5-million or $47.72 per share for the three months ended Sept. 30. The results compared to a net loss of $51.2-million or $19.27 per share for the same period in 2021.

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Sagicor Financial Company Ltd. (SFC-T) reported revenue of US$656.1-million in the third quarter, down from US$781.9-million a year ago.

Net income of US$25.4-million compared to US$50.4-million a year earlier.

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