Stock news for investors: strong gold prices, full theaters and steady sales figure of the supermarket Q2 for Top TSX companies – Moneysense

The result compared to a loss of $ 21.4 million or 33 cents per diluted in the same quarter last year.

The turnover for the quarter was $ 361.8 million, an increase of $ 277.3 million a year earlier.

Theater visit was 11.6 million, compared to 8.7 million. Cineplex says that the quarterly records for Box Office per patron has established $ 13.68 and concession per patron at $ 10.04.

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Barrick Mining Reports Rise is Q2 win despite US $ 1 billion WriteDown in Mali Mine

Barrick Mining Corp. In the second quarter, took a cost of US $ 1.04 billion in connection with the loss of control over a gold mine in Mali, but still reported an increase in profit thanks to higher gold prices and an asseti -purchase purchase.

The mining company based in Toronto said on Monday that the US $ 811 million or 47 cents us per watered share earned for the quarter ending on 30 June, an increase in US $ 370 million or 21 cents us per watered share a year earlier. The profit increased to 41% as the price sold it was sold at 41% compared to last year to US $ 3,295 per ounce. Gold prices have largely risen about the fears of instability increased by the economic policy of the American Trump government.

The higher Golden Prize was somewhat compensated by the Writedown about the value of his Loulo-Gounkoto mine in Mali, after a judgment in June by a judge in the country that it is placed under the provisional administration for six months.

Barrick Gold is contrary to the military rulers of Mali about alleged unpaid taxes and unfair contracts with earlier governments. The dispute culminated in an arrest warrant in December for Barrick CEO Mark Bristow and the company’s offer to pay US $ 370 million to the government. Since then, the government has also retained Barrick, who are retaining and suspended the Golden Export, but Bristow said on Monday during a conference call that there was still a potential to resolve the impasse outside the arbitration process. “We are not at that stage in which we do not believe that we know, you know, to find a resolution,” Bristow told the Conference Call to discuss the latest financial results of the company. “If you are busy and talk, there is always a chance. Of course there has been some activity in Mali, who complicates the process.” He said that the company continues to manage the situation in a measured and constructive way, continue with arbitration while it works to find a path ahead.

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While the Mali load weighed on the results, it was also balanced by US $ 745 million profit in the quarter of the sale of an interest of 50% in the Donlin Gold project in Alaska. Since a quarter of an end, the company has also announced the sale of its Alturas project in Chile for US $ 50 million, while it is also in conversation to sell Hemlo, the last Canadian gold mine.

Bristow said that there is a lot of appetite for mines such as Hemlo, while the company has added considerable gold reserves in recent years to make it a good time to revise his participations. “It makes sense to rationalize your portfolio from time to time,” he said. “And it’s a good time to do it when there are buyers on the market.” In his last results, Barrick noted that Hemlo, who produced 32,000 ounces in the quarter, is not considered a nuclear part of his portfolio.

On an adapted basis, Barrick says that it earned 47 cents of US per share in the last quarter, for an adapted profit of 32 cents US in the same quarter last year. The average estimate of the analysts was according to the profit of 45 cents per share, according to LSEG Data & Analytics. Turnover for the quarter was US $ 3.68 billion, an increase of US $ 3.16 billion a year earlier. Gold production in the quarter was 797,000 Ounces, a decrease of 948,000 a year ago. The production of copper was 59,000 tons, an increase of 43,000 tons a year ago.

The general results were mixed, RBC analyst Josh Wolfson said in a note, with business results in accordance with expectations, while financial results were partially noisy because of the sale of assets.

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Maple Leaf Foods Reports Q2 Profit Rose, powered by pork company

Maple Leaf Foods Inc. reported his profit in the second quarter of $ 57.8 million, compared to a loss of $ 26.2 million a year ago. The income amounted to 46 cents per watered share for the quarter ending on 30 June, at a loss of 21 cents per share in the same quarter last year, the company said Thursday.

On an adapted basis, Maple Leaf says that it earned 56 cents per share in the last quarter, for an adapted profit of 18 cents per share a year earlier.

Turnover for the quarter was $ 1.36 billion, an increase of $ 1.26 billion a year ago. Maple Leaf said that the prepared sale of food rose by 7.5%, while the sale of the poultry rose by 8.5%. The sale of the pork increased by 10.7%.