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Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.

New Gold (NGD-T; NGD-N) says third-quarter revenues increased to US$147.1-million up from US$93-million, which was still below expectations of US$198.7-million.

Its loss from continuing operations came in at US$2 million or zero cents per share a decrease compared to earnings of US$27 million or 5 cents per share in the prior-year period.

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New Gold had an adjusted net loss from continuing operations of $5-million, or 1 per basic share, which was in line with expectations and relative to adjusted earnings of $3-million or a penny per basic share in the prior-year quarter.

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Source Energy Services Ltd. (SHLE-T) said it has entered into a three-year agreement to provide Strath Resources Ltd. with Northern White proppant and related logistics services, for its Kakwa area Montney wells. “This agreement supports Strath’s development of its liquid-rich Kakwa acreage with an efficient and reliable supply of northern white proppant from Source’s Wembley, Alberta terminal,” the company stated.

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Detour Gold Corp. (DGC-T) reported third-quarter net earnings of US$12.7-million or 7 cents per share versus US$41.1-million or 24 cents per share.

Its adjusted loss was US$1.5-million or a penny per share versus a profit of US$27.1-million of 15 cents a year ago.

Metal sales were US$170-million up from US$164-million a year earlier.

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Analysts were expecting revenue of US$179-million and earnings of 6 cents.

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Canfor Pulp Products Inc. (CFX-T) reported third-quarter sales of $329-million up from $284.9-million a year ago. Net income came in at $43-million, or 66 cents per share versus $12.6-million or 19 cents per share. Analysts were expecting earnings of 78 cents in the third quarter.

The board also declared a special dividend of $2.25 per share payable on Nov. 13 to the shareholders of record on Nov. 6. "The special dividend has been declared as a result of strong cash generated by the business over the last year," the company stated.

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Canfor Corp. (CFP-T) reported third-quarter sales of $1.3-billion up from $1.1-billion a year ago. Net income was $125.3-million or 98 cents per share versus $66.2-million or 51 cents a year ago. Adjusted net income was $156.9-million or $1.23 per share up from $84.6-million or 65 cents a year ago.

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Analysts were expecting adjusted earnings of 98 cents per share.

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Mullen Group Ltd. (MTL-T) reported third-quarter revenue of $339.7-million up from $283.9-million a year earlier. Net income decreased by $4.1-million to $21.9-million, or 21 cents per common share versus 25 cents per share a year ago.

Analysts were expecting earnings of 18 cents and revenue of $339.8-million.

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Celestica Inc. (CLS-T; CLS-N) reported third-quarter revenue of US$1.7-billion, which was in line with expectations and up from US$1.5-billion a year ago. Net income was US$8.6-million or 6 cents per share versus US$34.8-million or 24 cents per share up a year ago.

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Yorbeau Resources Inc. (YRB.A-T) says it has signed a non-binding letter of intent with IAMGOLD Corp (IMG-T) giving Iamgold to an option to acquire a 100% interest in Yorbeau’s Rouyn property in Quebec.

"IAMGOLD would make certain cash payments and incur exploration expenditures towards an option to purchase a 100% interest in the property," the company said, under various conditions including an initial cash payment to Yorbeau of $1- million and to fund and incur $9 million of exploration expenditures for two years, among other conditions.

In addition to the final cash payment, Yorbeau will retain a 2% net smelter royalty on minerals produced from the property.

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Chorus Aviation Inc. (CHR-T) announced an agreement to lease four new ATR72-600′s to the Lion Air Group. “This transaction marks the second multi-aircraft leasing transaction in the fast-growing Southeast Asia region, expanding Chorus' leasing business to 12 lessees in 12 countries and a total of 78 aircraft,” the company stated.

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Calfrac Well Services Ltd. (CFW-T) reported revenue in the third quarter of was $630.1-million, an increase of 41 per cent from the same period in 2017, which was above expectations of $592-million.

Net income attributable to shareholders of Calfrac was $14.9-million or 10 cents per share compared to net income of $7.8-million or 6 cents per share in the same period last year. Analysts were expected earnings of 11 cents.

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FSD Pharma Inc. (HUGE-CN) said its application for a cannabis license under the Excise Tax Act has been conditionally approved by the Canada Revenue Agency and is effective as of October 17. “The issuance of a cannabis license by the CRA is a requirement to sell cannabis and is a prerequisite to obtaining a sales license under the Cannabis Act,” the company stated.

"The granting of this cannabis license by the CRA brings the company one step closer to selling to the marketplace as we approach the granting of our sales license from Health Canada," stated Zeeshan Saeed, co-Founder of FSD Pharma.

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MedMen Enterprises Inc. (MMEN-CN) reported fourth-quarter revenue was US$20.6 million, up from US$1.5 million in fourth quarter 2017. “The increase was primarily due to the majority of MedMen’s stores coming on line during the quarter,” the company stated.

Total adjusted net loss was US$42-million for the fourth quarter, versus a loss of US$6.2-million a year ago.

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