In the same category

Russel Metals Inc.

Published : February 16th, 2012

Announces Strong 2011 Annual and Fourth Quarter Results

( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment

Russel Metals Announces Strong 2011 Annual and Fourth Quarter Results

Russel Metals Inc. (TSX:RUS) today announced fourth quarter 2011 earnings of $29 million, or $0.47 per share on revenues of $712 million. These results reflect a significant improvement from the 2010 fourth quarter earnings per share of $0.26.

For the year, our earnings more than doubled to $118 million or $1.97 per share on revenues of $2.7 billion from earnings of $57 million or $0.96 per share reported for 2010.

Revenues in our metals service center segment increased 23% to $375 million in the fourth quarter of 2011 compared to the fourth quarter of 2010. The fourth quarter is traditionally a seasonally slower quarter than the third quarter; however, 2011 fourth quarter revenues were down only slightly from the third quarter. Operating profits in the fourth quarter for our metals service centers of $21 million were almost double our 2010 fourth quarter operating profits of $12 million.

Revenues in our energy tubular product segment increased 20% to $234 million in the fourth quarter of 2011 compared to the 2010 fourth quarter and increased 5% over the 2011 third quarter. Strong operating profits continued in the 2011 fourth quarter increasing to $17 million from the $15 million profit in the third quarter and matching the 2010 fourth quarter. For energy tubular products the fourth quarter is a historically stronger quarter as the winter drilling season opens in Canada and continues into the first quarter.

Our steel distributor segment had a 65% increase in 2011 fourth quarter revenues to $101 million from the 2010 fourth quarter. In the fourth quarter of 2011, operating profits more than doubled those reported in the 2010 fourth quarter to $11 million.

Brian R. Hedges, President and CEO, stated "I am very pleased with our operating results for the fourth quarter. The positive results experienced from the beginning of 2011, continued into the fourth quarter offsetting the seasonal fourth quarter slowdowns. All of our operations had a stronger year in 2011, which is a tribute to the leadership of our operating divisions and their respective employee groups. This positive momentum has continued into the 2012 first quarter as our order intake is strong and mill price increases appear to be holding."

The Board of Directors approved a quarterly dividend of $0.30 per common share payable March 15, 2012 to shareholders of record as of February 29, 2012.

The Company will be holding an Investor Conference Call on Thursday, February 16, 2012 at 9:00 a.m. ET to review its fourth quarter and annual results for 2011. The dial-in telephone numbers for the call are 416-340-2216 (Toronto and International callers) and 1-866-226-1792 (U.S. and Canada). Please dial in 10 minutes prior to the call to ensure that you get a line.

A replay of the call will be available at 905-694-9451 (Toronto and International callers) and 1-800-408-3053 (U.S. and Canada) until midnight, Thursday, March 1, 2012. You will be required to enter pass code 5331872 in order to access the call.

Additional supplemental financial information is available in our investor conference call package located on our website at
www.russelmetals.com.

Russel Metals is one of the largest metals distribution companies in North America. It carries on business in three metals distribution segments: metals service centers, energy tubular products and steel distributors, under various names including Russel Metals, A.J. Forsyth, Acier Leroux, Acier Loubier, Acier Richler, Arrow Steel Processors, B&T Steel, Baldwin International, Comco Pipe and Supply, Fedmet Tubulars, JMS Russel Metals, Leroux Steel, McCabe Steel, Megantic Metal, Metaux Russel, Metaux Russel Produits Specialises, Milspec, Norton Metals, Pioneer Pipe, Russel Metals Specialty Products, Russel Metals Williams Bahcall, Spartan Energy Tubulars, Sunbelt Group, Triumph Tubular & Supply, Wirth Steel and York-Ennis.

Statements contained in this press release or on the related conference call that relate to Russel Metals' beliefs or expectations as to certain future events are not statements of historical fact and are forward-looking statements. Russel Metals cautions readers that there are important factors, risks and uncertainties, including but not limited to economic, competitive and governmental factors affecting Russel Metals' operations, markets, products, services and prices that could cause its actual results, performance or achievements to be materially different from those forecasted or anticipated in such forward-looking statements.

The forward-looking statements in this document reflect management's current beliefs and are based on information currently available to management. The material assumptions applied in making the forward-looking statements in this document include the following: demand from the manufacturing, resource and construction segments of the Canadian economy have stabilized and these conditions will continue in the foreseeable future; and oil and gas prices, the price of steel and the value of the Canadian dollar relative to the U.S. dollar will be at similar levels with what we experienced at the end of 2011. Although the forward-looking statements contained in this document are based upon what management believes to be reasonable estimates and assumptions, Russel Metals cannot ensure that actual results will not be materially different from those expressed or implied by these forward-looking statements and does not intend to update any forward-looking statement other than required by law.

 
CONSOLIDATED STATEMENTS OF EARNINGS                                         
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                         Quarters ended         Years ended 
                                            December 31         December 31 
(in millions of Canadian dollars,                                           
 except per share data)                  2011      2010      2011      2010 
----------------------------------------------------------------------------
Revenues                            $   711.6 $   562.1 $ 2,693.3 $ 2,178.0 
Cost of materials                       585.8     458.3   2,168.0   1,763.6 
Employee expenses                        49.7      44.7     202.3     177.1 
Other operating expenses                 29.8      29.7     125.5     116.9 
----------------------------------------------------------------------------
Earnings before interest, finance                                           
 and income tax expense                  46.3      29.4     197.5     120.4 
Interest expense                          6.8       7.1      27.5      29.2 
Interest income                          (0.5)     (0.5)     (2.0)     (1.6)
Finance expense convertible                                                 
 debentures                                 -       1.8         -      11.1 
Other finance expense (income)            0.9         -       2.6      (1.5)
----------------------------------------------------------------------------
Earnings before income taxes             39.1      21.0     169.4      83.2 
Provision for income taxes               10.6       5.8      51.1      25.9 
----------------------------------------------------------------------------
Net earnings for the year           $    28.5 $    15.2 $   118.3 $    57.3 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Basic earnings per common share     $    0.47 $    0.26 $    1.97 $    0.96 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Diluted earnings per common share   $    0.46 $    0.26 $    1.92 $    0.96 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME                             
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                             Quarters ended     Years ended 
                                                December 31     December 31 
(in millions of Canadian dollars)              2011    2010    2011    2010 
----------------------------------------------------------------------------
Net earnings for the year                   $  28.5 $  15.2 $ 118.3 $  57.3 
----------------------------------------------------------------------------
Other comprehensive income (loss) net of tax                                
  Unrealized foreign exchange gains (losses)                                
   on translation of foreign operations        (7.8)  (11.8)    9.1   (17.2)
  Reclassification of adjustment for                                        
   realized foreign exchange gain included                                  
   in net earnings                                -     0.1       -     0.1 
  Unrealized (losses) gains on items                                        
   designated as net investment hedges          2.6     5.2    (2.5)    8.8 
  Unrealized losses on items designated as                                  
   cash flow hedges                               -       -       -    (2.5)
  Losses on derivatives designated as cash                                  
   flow hedges transferred to net earnings                                  
   during the year                              0.3     0.2     1.1     0.1 
  Actuarial (losses) gains on pension and                                   
   similar obligations                        (13.8)    0.8   (13.8)    0.8 
----------------------------------------------------------------------------
Other comprehensive loss                      (18.7)   (5.5)   (6.1)   (9.9)
----------------------------------------------------------------------------
Total comprehensive income                  $   9.8 $   9.7 $ 112.2 $  47.4 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION                               
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                    December 31 December 31 
(in millions of Canadian dollars)                          2011        2010 
----------------------------------------------------------------------------
ASSETS                                                                      
Current                                                                     
  Cash and cash equivalents                         $     270.7 $     323.7 
  Accounts receivable                                     382.4       301.4 
  Inventories                                             645.6       544.1 
  Prepaid expenses                                          4.6         3.0 
  Income taxes receivable                                   0.5         2.8 
----------------------------------------------------------------------------
                                                        1,303.8     1,175.0 
Property, Plant and Equipment                             201.3       205.2 
Deferred Income Tax Assets                                  5.3         7.1 
Pensions and Benefits                                         -         0.7 
Other Assets                                                3.3         3.8 
Goodwill and Intangibles                                   24.7        24.9 
----------------------------------------------------------------------------
                                                    $   1,538.4 $   1,416.7 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY                                        
Current                                                                     
  Accounts payable and accrued liabilities          $     362.8 $     272.8 
  Income taxes payable                                     17.4        14.4 
  Current portion long-term debt                            1.3         1.2 
----------------------------------------------------------------------------
                                                          381.5       288.4 
                                                                            
Long-Term Debt                                            296.5       318.5 
Pensions and Benefits                                      33.3        17.9 
Deferred Income Tax Liabilities                             5.4         7.0 
Provisions                                                  0.4         5.6 
Other Non-Current Liabilities                               1.9         6.5 
----------------------------------------------------------------------------
                                                          719.0       643.9 
----------------------------------------------------------------------------
Shareholders' Equity                                                        
  Common shares                                           485.4       483.7 
  Retained earnings                                       306.7       257.5 
  Contributed surplus                                      15.7        13.9 
  Accumulated other comprehensive income (loss)           (17.1)      (11.0)
  Equity component of convertible debenture                28.7        28.7 
----------------------------------------------------------------------------
                                                          819.4       772.8 
----------------------------------------------------------------------------
                                                    $   1,538.4 $   1,416.7 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
CONSOLIDATED STATEMENTS OF CASHFLOW                                         
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                        Quarters ended          Years ended 
                                           December 31          December 31 
(in millions of Canadian dollars)       2011      2010       2011      2010 
----------------------------------------------------------------------------
                                                                            
Operating activities                                                        
  Net earnings for the period      $    28.5 $    15.2  $   118.3 $    57.3 
  Depreciation and amortization          5.8       6.4       23.5      25.3 
  Deferred income taxes                 (0.3)     (1.5)      (0.2)      0.6 
  Loss on sale of property, plant                                           
   and equipment                         0.1       0.9        0.1       0.8 
  Stock-based compensation               0.5       0.4        2.1       1.5 
  Loss on derivatives                      -       1.2          -      11.2 
  Difference between pension                                                
   expense and amount funded            (1.3)     (2.8)      (2.6)     (3.1)
  Debt accretion, amortization and                                          
   other                                 1.5       0.9        6.4       3.7 
----------------------------------------------------------------------------
Cash from operating activities                                              
 before non-cash working capital        34.8      20.7      147.6      97.3 
----------------------------------------------------------------------------
Changes in non-cash working capital                                         
 items                                                                      
  Accounts receivable                   11.7      12.2      (78.6)    (86.3)
  Inventories                            2.0      (3.8)     (97.5)    (34.8)
  Accounts payable and accrued                                              
   liabilities                          23.5     (15.9)      79.0      33.3 
  Current income taxes receivable/                                          
   payable                               3.4      15.5        7.2      73.8 
  Other                                 (0.6)      1.2       (1.5)      2.1 
----------------------------------------------------------------------------
Change in non-cash working capital      40.0       9.2      (91.4)    (11.9)
----------------------------------------------------------------------------
Cash from operating activities          74.8      29.9       56.2      85.4 
----------------------------------------------------------------------------
Financing activities                                                        
  Issue of common shares                 0.1       3.9        1.4       4.0 
  Dividends on common shares           (18.1)    (14.9)     (69.1)    (59.7)
  Repayment of long-term debt           (3.4)     (0.4)     (29.3)     (9.2)
  Swap termination                         -         -          -     (35.2)
  Deferred financing                    (0.1)        -       (0.6)     (0.7)
----------------------------------------------------------------------------
Cash used in financing activities      (21.5)    (11.4)     (97.6)   (100.8)
----------------------------------------------------------------------------
Investing activities                                                        
  Purchase of property, plant and                                           
   equipment                            (5.2)     (3.5)     (18.1)    (11.6)
  Proceeds on sale of property,                                             
   plant and equipment                   0.1       0.9        0.8       1.4 
  Proceeds on sale of investment           -         -          -       6.0 
  Other                                    -      (0.5)         -      (0.5)
----------------------------------------------------------------------------
Cash used in investing activities       (5.1)     (3.1)     (17.3)     (4.7)
----------------------------------------------------------------------------
Effect of exchange rates on cash                                            
 and cash equivalents                   (1.4)     (9.5)       5.7     (15.8)
----------------------------------------------------------------------------
Increase (decrease) in cash and                                             
 cash equivalents                       46.8       5.9      (53.0)    (35.9)
Cash and cash equivalents,                                                  
 beginning of the year                 223.9     317.8      323.7     359.6 
----------------------------------------------------------------------------
Cash and cash equivalents, end of                                           
 the year                          $   270.7 $   323.7  $   270.7 $   323.7 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
Supplemental cash flow information:                                         
Income taxes paid (received)       $     7.9 $   (71.2) $    45.8 $   (36.8)
Interest paid (net)                $     0.5 $       -  $    25.5 $    26.2 
                                                                            
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY                                
----------------------------------------------------------------------------
----------------------------------------------------------------------------
(in millions of Canadian                Common      Retained     Contributed
 dollars)                               Shares      Earnings         Surplus
----------------------------------------------------------------------------
Balance, January 1, 2011        $        483.7 $       257.5  $         13.9
Payment of dividends                         -         (69.1)              -
Net earnings for the year                    -         118.3               -
Other comprehensive loss for the                                            
 year                                        -             -               -
Recognition of stock-based                                                  
 compensation                                -             -             1.8
Stock options exercised                    1.7             -               -
----------------------------------------------------------------------------
Balance, December 31, 2011      $        485.4 $       306.7  $         15.7
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
 
                                                                            
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY                                
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                  Accumulated          Equity               
                                        Other       Component               
                                Comprehensive              of               
(in millions of Canadian               Income     Convertible               
 dollars)                              (Loss)      Debentures         Total 
----------------------------------------------------------------------------
Balance, January 1, 2011        $       (11.0) $         28.7 $       772.8 
Payment of dividends                        -               -         (69.1)
Net earnings for the year                   -               -         118.3 
Other comprehensive loss for the                                            
 year                                    (6.1)              -          (6.1)
Recognition of stock-based                                                  
 compensation                               -               -           1.8 
Stock options exercised                     -               -           1.7 
----------------------------------------------------------------------------
Balance, December 31, 2011      $       (17.1) $         28.7 $       819.4 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
                                                                            
                                                                            
                                                                            
                                                                            
(in millions of Canadian                Common      Retained     Contributed
 dollars)                               Shares      Earnings         Surplus
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Balance, January 1, 2010        $        478.9 $       259.9  $         13.2
Payment of dividends                         -         (59.7)              -
Net earnings for the year                    -          57.3               -
Other comprehensive loss for the                                            
 year                                        -             -                
Recognition of stock-based                                                  
 compensation                                -             -             0.7
Stock options exercised                    4.8             -               -
Equity component of convertible                                             
 debentures                                  -             -               -
----------------------------------------------------------------------------
Balance, December 31, 2010      $        483.7 $       257.5  $         13.9
----------------------------------------------------------------------------
----------------------------------------------------------------------------
 
                                                                            
                                                                            
                                                                            
                                                                            
                                  Accumulated          Equity               
                                        Other       Component               
                                Comprehensive              of               
(in millions of Canadian               Income     Convertible               
 dollars)                              (Loss)      Debentures         Total 
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Balance, January 1, 2010        $        (1.1) $            - $       750.9 
Payment of dividends                        -               -         (59.7)
Net earnings for the year                   -               -          57.3 
Other comprehensive loss for the                                            
 year                                    (9.9)              -          (9.9)
Recognition of stock-based                                                  
 compensation                               -               -           0.7 
Stock options exercised                     -               -           4.8 
Equity component of convertible                                             
 debentures                                 -            28.7          28.7 
----------------------------------------------------------------------------
Balance, December 31, 2010      $       (11.0) $         28.7 $       772.8 
----------------------------------------------------------------------------
----------------------------------------------------------------------------

 

 

Russel Metals Inc.

CODE : RUS.TO
ISIN : CA7819036046
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Russel Metals is a producing company based in Canada.

Russel Metals is listed in Canada. Its market capitalisation is CA$ 1.3 billions as of today (US$ 1.0 billions, € 914.8 millions).

Its stock quote reached its lowest recent point on May 08, 2009 at CA$ 10.02, and its highest recent level on September 20, 2019 at CA$ 21.65.

Russel Metals has 61 790 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Financings of Russel Metals Inc.
8/3/2011Announces a 9% Increase in Common Share Dividend
Option Grants of Russel Metals Inc.
2/13/2013Declares Common Share Dividend
10/30/2012Declares Common Share Dividend
5/4/2012Announces a 17% Increase in Common Share Dividend
2/16/2012Declares Common Share Dividend
Nominations of Russel Metals Inc.
2/21/2013Announces the Promotion of John G=2E Reid to Chief Operating...
Financials of Russel Metals Inc.
5/3/2016Announces 2016 First Quarter
2/19/2014Announces 2013 Annual and Fourth Quarter Results
11/7/2013Russel Metals Announces Third Quarter Results
11/7/2013Russel Metals Announces Third Quarter Results
8/7/2013Announces Second Quarter Results
2/13/2013Announces 2012 Annual and Fourth Quarter Results
10/30/2012Announces Third Quarter Results
5/4/2012Announces Solid First Quarter Results
2/16/2012Announces Strong 2011 Annual and Fourth Quarter Results
8/5/2011Announces Strong Second Quarter Results
5/16/2011Announces a Significant Increase in First Quarter Results
2/17/2011Announces 2010 Annual and Fourth Quarter Results
8/11/2010Stronger Second Quarter 2010 Net Earnings
5/12/2010Announces Stronger First Quarter 2010 Net Earnings
2/18/20102009 Annual and Fourth Quarter Results
11/3/2009Announces Sequentially StrongerThird Quarter 2009 Net Earnin...
8/5/2009Announces 2009 Second Quarter Loss
2/24/20092008 Annual and Fourth Quarter Results
11/6/2008Reports Third Quarter 2008 Net Earnings of $1.45 Per Share a...
8/5/2008 Reports Second Quarter 2008 Net Earnings of $1=2E25 Per Sha...
6/11/2008Exceed Street Expectations for Second Quarter Earnings
5/12/2008 Reports First Quarter 2008 Net Earnings of $0.46 per Share
Project news of Russel Metals Inc.
12/2/2013Russel Metals Announces its Acquisition of Monarch Supply
5/24/2012Announces the Acquisition of Alberta Industrial Metals
Corporate news of Russel Metals Inc.
1/22/2016S&P Dow Jones Indices Announces the Annual Review of S&P/TSX...
11/4/2015Russel Metals Announces Redemption of 7.75% Convertible Unse...
11/2/2015Russel Metals Announces the Promotion of John G. Reid to Pre...
10/30/2015Russel Metals Declares Common Share Dividend
10/30/2015Russel Metals Announces 2015 Third Quarter Results
9/30/2015Notice - 2015 Third Quarter Results Conference Call
9/25/2015Russel Metals Announces Redemption of 7.75% Convertible Unse...
9/8/2015Russel Metals Announces New President of Apex Distribution
8/12/2015Russel Metals Announces 2015 Second Quarter Results
8/12/2015Russel Metals Declares Common Share Dividend
7/13/2015Notice - 2015 Second Quarter Results Conference Call
4/6/2015Russel Metals Supports Higher Education
4/6/2015Notice - 2015 First Quarter Results Conference Call
2/18/2015Russel Metals Announces Strong 2014 Annual and Fourth Quarte...
2/18/2015Russel Metals Declares Common Share Dividend
1/20/2015NOTICE - 2014 Year End and Fourth Quarter Results Conference...
11/4/2014Russel Metals Announces: Strong Third Quarter Results and Re...
11/4/2014Russel Metals Declares Common Share Dividend
10/3/2014Russel Metals Inc. Notice - 2014 Third Quarter Results Confe...
8/12/2014Russel Metals Announces a 9% Increase in Common Share Divide...
8/12/2014Russel Metals Announces Second Quarter Results
7/10/2014Russel Metals Inc. Notice - 2014 Second Quarter Results Conf...
2/19/2014Russel Metals Declares Common Share Dividend
2/19/2014Métaux Russel annonce ses résultats annuels et du quatrième
2/19/2014Russel Metals Announces 2013 Annual and
2/19/2014Métaux Russel déclare un dividende sur ses actions ordinaire...
2/19/2014Métaux Russel déclare un dividende sur ses actions ordinaire...
2/19/2014Russel Metals Declares Common Share Dividend
2/19/2014Russel Metals Announces 2013 Annual and
2/19/2014Métaux Russel annonce ses résultats annuels et du quatrième
12/19/2013Russell Meares to retire as a Director 31 December 2013
12/2/2013Métaux Russel annonce l'acquisition de Monarch Supply
11/7/2013Métaux Russel annonce ses résultats du troisième trimestre
11/7/2013Russel Metals Declares Common Share Dividend
11/7/2013Métaux Russel annonce ses résultats du troisième trimestre
11/7/2013Métaux Russel déclare un dividende sur ses actions ordinaire...
11/7/2013Métaux Russel déclare un dividende sur ses actions ordinaire...
11/7/2013Declares Common Share Dividend
9/4/2013Announces Installation of a Bu =?ISO-8859-1?Q?tech=20Bliss=2...
8/7/2013Declares Common Share Dividend
7/8/20132013 Second Quarter Results Conference Call
5/13/2013Announces 2013 Annual Meeting Voting Results
4/2/2013Notice: 2013 First Quarter Results Conference Call
2/8/2013Announces Settlement of Strike =?ISO-8859-1?Q?=20at=20Bouche...
1/14/2013Notice: 2012 Year End and Fourth Quarter Results Conference ...
11/8/2012Announces the Acquisition of Alberta Based Apex Distribution
10/24/2012Announces the Execution of Apex Distribution Agreement
10/1/2012Notice: 2012 Third Quarter Results Conference Call
10/1/2012Notice: 2012 Third Quarter Results Conference Call
9/11/2012Comments on Strike at Boucherville Plant, Quebec
8/29/2012Enters Into a Letter of Intent to Acquire Alberta Based Apex...
7/3/2012Notice: 2012 Second Quarter Results Conference Call Notice
5/1/2012Announces the Acquisition of Siemens Laserworks
4/25/2012' 6=2E375% Senior Notes Due =?ISO-8859-1?Q?=20March=201,=202...
4/12/2012Announces C$250 Million "Bought Deal" Offering of 6.0% Senio...
4/4/2012Notice: 2012 First Quarter Results Conference Call
1/16/2012Notice: 2011 Fourth Quarter and Year End Results Conference ...
10/3/2011Notice: 2011 Third Quarter Results Conference Call
7/4/20112011 Second Quarter Results Conference Call
6/28/2011Amends Its Credit Agreement
4/12/20112011 First Quarter Results Conference Call
2/17/2011Announces a 10% Increase In Common Share Dividend
8/23/2010Announces Rationalization of Its Ontario Long Products Opera...
8/11/2010Declares Common Share Dividend
6/22/2010Service Center Expansion in Terrebonne, Quebec
5/12/2010Declares Common Share Dividend
2/18/2010Declares Common Share Dividend
11/3/2009Declares Common Share Dividend
10/8/2009Announces Closing of $175 Mi
9/17/2009Announces Executive Promotion
8/5/2009Declares Common Share Dividend
2/23/2009Announces Actions to Reduce Operating Expenses
2/23/2009Reduces Quarterly Common Share Dividend
12/22/2008Names New Leadership
12/1/2008Inc=2E Completes the Acquisition =?ISO-8859-1?Q?=20of=20Nort...
11/10/2008Signs Purchase Agreement to Acquire Norton Metal Products, I...
11/6/2008Declares Quarterly Common Share Dividend
9/22/2008Announces Automatic Share Purchase Plan
8/5/2008Declares Quarterly Common Share Dividend and Supplemental Di...
5/12/2008 Declares Common Share Dividend
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (RUS.TO)
21.65+0.37%
TORONTO
CA$ 21.65
09/20 17:00 0.080
0.37%
Prev close Open
21.57 21.65
Low High
21.51 21.78
Year l/h YTD var.
18.70 -  24.81 1.50%
52 week l/h 52 week var.
18.70 -  27.66 -20.81%
Volume 1 month var.
273,502 8.41%
24hGold TrendPower© : 19
Produces
Develops
Explores for
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
MOST READ
Annual variation
DateVariationHighLow
20194.54%21.6020.75
2018-29.00%32.6519.72
201714.03%29.7825.13
201662.67%27.7813.65
2015-33.70%25.7714.05
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Plymouth Minerals LTDPLH.AX
Plymouth Minerals Intersects Further High Grade Potash in Drilling at Banio Potash Project - Plannin
AU$ 0.12-8.00%Trend Power :
Santos(Ngas-Oil)STO.AX
announces expected non-cash impairment
AU$ 7.79+0.78%Trend Power :
Oceana Gold(Au)OGC.AX
RELEASES NEW TECHNICAL REPORT FOR THE HAILE GOLD MINE
AU$ 3.86+3.76%Trend Power :
Western Areas NL(Au-Ni-Pl)WSA.AX
Advance Notice - Full Year Results Conference Call
AU$ 3.14+1.62%Trend Power :
Canadian Zinc(Ag-Au-Cu)CZN.TO
Reports Financial Results for Q2 and Provides Project Updates
CA$ 0.12+4.55%Trend Power :
Stornoway Diamond(Gems-Au-Ur)SWY.TO
Second Quarter Results
CA$ 0.02+100.00%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
TO ACQUIRE BLACK FOX FROM PRIMERO=C2=A0
US$ 1.77+4.73%Trend Power :
Rentech(Coal-Ngas)RTK
Rentech Announces Results for Second Quarter 2017
US$ 0.20-12.28%Trend Power :
KEFIKEFI.L
Reduced Funding Requirement
GBX 1.12+9.80%Trend Power :
Lupaka Gold Corp.LPK.V
Lupaka Gold Receives First Tranche Under Amended Invicta Financing Agreement
CA$ 0.02+0.00%Trend Power :
Imperial(Ag-Au-Cu)III.TO
Closes Bridge Loan Financing
CA$ 1.99-1.49%Trend Power :
Guyana Goldfields(Cu-Zn-Pa)GUY.TO
Reports Second Quarter 2017 Results and Maintains Production Guidance
CA$ 1.03+0.98%Trend Power :
Lundin Mining(Ag-Au-Cu)LUN.TO
d Share Capital and Voting Rights for Lundin Mining
CA$ 6.66-0.60%Trend Power :
Canarc Res.(Au)CCM.TO
Canarc Reports High Grade Gold in Surface Rock Samples at Fondaway Canyon, Nevada
CA$ 0.07+7.69%Trend Power :
Havilah(Cu-Le-Zn)HAV.AX
Q A April 2017 Quarterly Report
AU$ 0.14+0.00%Trend Power :
Uranium Res.(Ur)URRE
Commences Lithium Exploration Drilling at the Columbus Basin Project
US$ 6.80-2.86%Trend Power :
Platinum Group Metals(Au-Cu-Gems)PTM.TO
Platinum Group Metals Ltd. Operational and Strategic Process ...
CA$ 2.41+2.12%Trend Power :
Devon Energy(Ngas-Oil)DVN
Announces $340 Million of Non-Core Asset Sales
US$ 26.11+0.58%Trend Power :
Precision Drilling(Oil)PD-UN.TO
Announces 2017Second Quarter Financial Results
CA$ 8.66-0.35%Trend Power :
Terramin(Ag-Au-Cu)TZN.AX
2nd Quarter Report
AU$ 0.06+0.00%Trend Power :