Cascades Inc. reported fourth-quarter profit of $5-million or $0.05 per share versus a loss of $12-million or $0.12 per share in the year earlier. Net loss per share excluding specific items was $0.04 compared to a net earnings per share of $0.17 a year earlier. It declared a quarterly dividend of $0.04 per share to be paid on March 23, 2012 to shareholders of record at the close of business on March 9, 2012. Cascades also announced the permanent closure of Cascades Enviropac, located in Toronto.
Ballard Power Systems Inc , which rose more than 4 per cent on Wednesday, announced its consolidated financial results for the fourth quarter ended Dec. 31, 2011, and provided an outlook for 2012. Ballard reported a net income loss of $7.3-million (U.S.) or 9 cents a share compared to $9-million or 11 cents a share the year prior. Net loss for the year was $33.4-million (U.S.) or 40 cents a share compared to $31.5-million or 37 cents a share. Total revenue in the quarter was flat at $21-million but up 17 per cent to $76-million for the year.
QLT Inc. said net loss for the three months ended Dec. 31, 2001, was $6.6-million (U.S.) or 13 cents per share compared to $19.2-million or 38 cents per share in the year earlier period. Net loss for 2011 was $30.4-million or 61 cents a share compared to $17.5-million or 33 cents a share.
Taseko Mines Limited , which gained 2 per cent on Wednesday, said it is proceeding with its $20-million mineral exploration program for its Aley niobium project north of Mackenzie, British Columbia.
Newmont Mining Corporation of Canada Limited declared a regular quarterly dividend of $0.35 (CAN) per share on its exchangeable shares, payable March 29, 2012 to holders of record at the close of business on March 15, 2012. This dividend is designated as an "eligible dividend" for Canadian tax purposes.
YANGAROO Inc. , a secure digital media distribution company that is trading near year lows, announced that Scott Wambolt shall resign as President, Chief Executive Officer and member of the Board of Directors, effective Feb. 29, 2012. Gary Moss, currently a member of the Board of Directors, will assume the role of Interim President and Chief Executive Officer, immediately and has been approved unanimously by the Board of Directors.
Mandalay Resources Corporation today announced that its exploration efforts during 2011 have resulted in significant increases to its silver, gold and antimony reserves relative to the amounts estimated in previous technical reports for its Cerro Bayo, Chile and Costerfield, Australia mines. The company's contained Ag reserves have more than doubled, contained Au reserves have increased by 85 per cent, and the Sb reserves mined in 2011 have been replaced.
D-BOX Technologies Inc. announced today its first agreement with Southern Theatres, LLC to install 25 D-BOX MFX Seats in The Amstar 14 in Dallas, Texas and 21 D-BOX MFX seats in The Grand 16 Slidell in Slidell, La. President and CEO of D-BOX Technologies, Claude Mc Master said: "Southern Theatres is one of the top 15 grossing theatre chains in the U.S. with nearly 300 screens, presenting an excellent opportunity for our continued expansion."
Ivrnet Inc. , a Software as a Service (SaaS) provider, announced today that it has received the approval of the TSX Venture Exchange and completed the previously announced transaction to acquire Calgary-based TxtMeNow mCommerce Inc. TxtMeNow helps brands to leverage text messaging, mobile websites, and data analytics into their marketing strategies.
TIO Networks , which was just 8 cents below year high 57 cents at yesterday's close, said it will launch a cloud based wallet platform, TIO Wallet, designed to help the estimated 60-million Americans who have limited access to mainstream financial products. The bill payment processor said TIO Wallet will provide cash preferred customers with a tool designed to serve as a centralized hub for their personal financial activities.