Our roundup of Canadian small-caps of between $100-million and $2.5-billion in market capitalization making news and on the move today.
Semafo Inc. (SMF-T) issued a statement Monday morning about last week’s attack on a convoy carrying its employees in Burkina Faso. The company said it began transportation of people by helicopter from the Boungou Mine site on the weekend.
"Many of the people on-site need to be home with their families and to recover from last week's incident," Benoit Desormeaux, CEO of Semafo stated in a release. "Myself and most of our senior management team are in-country ensuring all those affected are getting the support they require. Our priority continues to be their safety, security and well being."
The company said 241 of our employees, contractors and suppliers were involved in the attack. Its current estimates have 39 fatalities, 60 injuries, 141 accounted for and one remains unaccounted for, the company stated.
"In addition to the impact on people, the unprecedent[ed] scale and nature of the attack has made basic administration and logistics very difficult," the company stated. "It will take some time to evaluate the new operating environment and to assess how we will be able to operate in a safe and secure manner in Burkina Faso. Until such time the Boungou Mine operations will continue to be suspended."
See also: Dozens dead in attack on Canadian miner Semafo’s convoy in Burkina Faso
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Lundin Gold Inc. (LUG-T) reported a net loss of US$39.7-million or 18 cents US per share in the third quarter versus net income of US&7.3-million or 3 cents US per share a year ago. It had a derivative loss of US$33.7-million versus a gain of US$17.9-million a year ago.
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Firm Capital Property Trust (FCD.UN-X) announced after markets closed on Friday that it will be increasing the maximum size of its previously announced non-brokered private placement of trust units at a price of $6.40 per unit from $5-million to $6-million.
The trust also said it has received an extension from the TSX Venture Exchange to extend the deadline for closing the private placement to Nov. 21 from Nov. 11. Net proceeds will be used "to fund prospective acquisitions, to repay amounts drawn on the trust's credit facility, for working capital and for general corporate purposes," it stated.
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Neptune Wellness Solutions Inc. (NEPT-Q; NEPT-T) reported total revenue of $6.5-million for its second quarter ended Sept. 30 down 8 per cent compared to $7-million a year ago and ahead of expectations of$5.8-million. The net loss for the quarter was $20.8-million compared to a loss of $3.1-million a year ago.
The company also announced a collaboration agreement with International Flavors & Fragrances Inc. (IFF-N) to co-develop hemp-derived CBD products for the mass retail and health & wellness markets.
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Intertape Polymer Group Inc. (ITP-T) reported third-quarter revenue increased 5.2 per cent to US$293.6-million versus a year ago, which the company said was primarily due to the Polyair and Maiweave acquisitions.
Net earnings came in at US$12.5-million or 21 cents US per share versus US$9.7-million or 16 cents US a year ago.
Analysts were expecting revenue of US$306.8-million and earnings of 25 cents US per share.
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