April 18, 2024

Ivanhoe Mines 2011 net loss widens

VANCOUVER - Ivanhoe Mines Ltd. reported a wider net loss for 2011 on Tuesday as it said its copper-gold mine in Mongolia remains on track to start up in the third quarter.The 2011 loss of $ 570.4 million, or 83 cents per share, compared to a loss of $ 211.5 million, or 42 cents per share, in 2010.Revenues increased to $ 179 million from $ 79.8 … [Read more...]

Westport net loss widens during third quarter

VANCOUVER - Green transportation technology company Westport Innovations Inc. (TSX:WPT) reports net loss for the three months ended Dec. 31 of $ 14.5 million, or 30 cents per share, compared to a net loss of $ 13.5 million, or 31 cents per share, a year earlier. … [Read more...]

NovaGold widens fourth-quarter loss

VANCOUVER - Gold miner NovaGold Resources Inc. (TSX:NG) says both its fourth-quarter and full year 2011 losses widened.The Vancouver-based company said Wednesday it lost $ 38 million, or 16 cent per share, during the fourth quarter of 2011, widening a loss of $ 21.5 million, or 12 cents per share, during the year-earlier period.The loss included … [Read more...]

Lignol Energy Q1 loss widens to $1 million

VANCOUVER - Biofuel company Lignol Energy Corp. (TSXV:LEC) said Monday its first-quarter loss widened slightly to $ 1 million from a year-earlier $ 900,000, and the research-and-development stage firm has sufficient resources to continue operating until March 2012.The loss amounted to two cents per share, unchanged from the prior-year period. … [Read more...]