Silver Miner Shines on Production Results: Sean Mason’s Canadian Small Cap Market Movers

Sean Mason | October 20, 2015 |
SmallCapPower

Grade was
king for a small silver play Tuesday while some speculators dumped a waste
management stock following financial guidance. Here’s some small stocks making
big moves on Tuesday, October 20, 2015 (as of 4 pm EST):

Santacruz Silver Mining Ltd. (TSXV:
SCZ
) shares jumped as much as 29% before ending down 4% to $0.135 on
Tuesday after the silver miner announced third-quarter operating results from
the Rosario Mine in Mexico, which included a 4.4% increase from Q2 in silver
equivalent produced ounces to 277,487, along with a 11% increase in head grade
to 356.87 g/t silver equivalent ounces.  

As well,
shares of Progressive Waste Solutions
Ltd.
(TSX:
BIN
) slid 15% to $30.12 as the waste management company said that it
expects to report consolidated third-quarter revenue of about $489 million
versus analysts’ consensus $495.5 million. The company also lowered its full-year
EBITDA outlook to between $480 million and $485 million versus its previous
view of between $500 million and $515 million.

Canopy Growth Corporation (TSXV:
CGC
) stock, meanwhile, moved up as much as 5% following the decisive election
win for the Liberal Party in Canada’s federal election. Party leader Justin
Trudeau has spoken in past about loosening Canada’s marijuana laws, which would
benefit legal growers such as Canopy Growth. 

Finally, True Gold Mining Inc. (TSXV:
TGM
) shares powered 21% higher to $0.23 after the gold junior reported that
mining has begun at the Goulagou II (GGII) deposit at the Karma Gold Mine in
Burkina Faso. The Company added that it remains on track for gold production at
the end of Q1, 2016.

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