Canadian Stocks That Surged Higher Today: $PVG $MAXR $TOY

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Pretium Resources Reports Revenue Of $166.6 Million In Q2

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Pretium Resources Inc. (TSX:PVG) was amongst top gainers in yesterday's trading session gaining 25.89%. The trigger for the surge was the impressive Q2 results in which the company reported earnings of $32.3 million. The mining company had a profit of $0.18 on a per-share basis with adjusted earnings being $0.26 per share. In the second quarter reported revenue of $166.6 million.

Last week there was an incident at the company's Brucejack mine which resulted in the death of an employee. This was an isolated incident that occurred during routine maintenance at a support facility. The injured employee was immediately treated at the site by the emergency response team before being taken to the hospital where he passed on.

Maxar Technologies Posts Consolidated Revenue of $439 million in Q2 2020

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Maxar Technologies Inc. (TSX:MAXR) jumped 21.24% in yesterday's session making it among the top gainers on the day. The company reported its Q2 2020 financial results and posted consolidated revenue of $439 million and a net income of $306 million. During the quarter the Maxar repurchased around $511 million of its Term Loan B and also closed a sale of $150 million secured senior notes. Aloes the company exercised the option to acquire the rest of the 50% stake in Vricon that it closed early last month.

The company is on course to launch the next-gen WorldView Legion satellites by next year. It will launch six satellites in number in two phases in 1H and Q2 2021. The satellites will go up in Falcon 9 rockets of SpaceX. The launches are in line with the company's strategic business plans.

Spin Master Reports A 12.4% Drop In YoY Revenue In Q2 2020 To $281.1 Million

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Another stock that was among the top gainers in yesterday's session was Spin Master Corp. (TSX:TOY) which jumped 17.26%. The company reported a 12.4% YoY decrease in revenue to $281.1 million from $321 million reported in Q2 2019. Gross product sales dropped 10.9% to $282.2 million from $316.8 million a year ago. The drop in Boys Action & Construction, Pre-School & Girls, and the Remote Control & Interactive Characters was offset by an increase in Activities, Puzzles & plush and Games, and also outdoor.

Net loss in the quarter was $14.9 million or 15 cents per share while adjusted net loss was $9.5 million or 9 cents per share. The company also repaid its Credit Facility by $50 million and at the end of the quarter, its outstanding credit facility balance was $300 million.

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