Bonterra, Iamgold, Research In Motion: Canadian Equity Preview

By John Kipphoff

Aug. 15 (Bloomberg) -- The following companies may have unusual price changes in Canadian trading today. Stock symbols are in parentheses, and share prices are from the previous close in Toronto.

The Standard & Poor's/TSX Composite Index fell 0.1 percent to 13,358.91. The benchmark has gained 0.1 percent this week.

Aurelian Resources Inc. (ARU CN): Ecuador, which halted most mine operations, including those of Toronto-based Aurelian, in April, plans to provide guarantees to reassure foreign investors as long as the country's social and environmental standards are met, Mines and Oil Minister Galo Chiriboga said yesterday after meeting with Canada's Trade Minister Michael Fortier.

Aurelian, which is developing the Fruta del Norte gold deposit in Ecuador, and agreed to sell itself to Kinross Gold Corp. (K CN) last month, fell 7.1 percent to C$5.75. Kinross Gold slid 6.5 percent to C$16.59. Corriente Resources Inc. (CTQ CN), developing a copper project, rose 0.5 percent to C$4.45.

Barrick Gold Corp. (ABX CN): Peru's government will investigate the dismissals of 30 workers at mines operated by Barrick, Southern Copper Corp. and Glencore International AG, Labor Minister Mario Pasco said yesterday. The ministry will carry out inspections at the mines, Pasco told reporters in Lima today. Barrick dropped 5.2 percent to C$35.65.

Bonterra Energy Trust (BNE-U CN): The oil and gas income fund plans to convert to a corporation and buy Silverwing Energy Inc. (SVW CN) for C$30.5 million (28.6 million). Conversion to the corporate structure will occur after the Silverwing deal's completion, planned for November, Calgary-based Bonterra said in a statement distributed by Canada NewsWire.

Bonterra units gained 2.9 percent to C$32.20. Silverwing shares were unchanged at 3 cents.

Enerflex Systems Income Fund (EFX-U CN): The provider of compression for natural-gas pipelines said yesterday that net income in the second quarter rose 36 percent to C$17.5 million ($10.6 million), and sales rose 31 percent to C$259.5 million. Profit and revenue exceeded the average of analyst estimates in a Bloomberg survey. The units gained 1.8 percent to C$13.26.

Iamgold Corp. (IMG CN): The bullion miner was rated ``overweight'' in new coverage by Thomas Weisel Partners analyst Heather Douglas at in Toronto. The shares fell 1.4 percent to C$5.82.

Ivernia Inc. (IVW CN): The company that used to produce 3 percent of the world's mined lead said it doesn't expect to restart exports from its Australian mine until at least early 2009. The shares dropped 8.9 percent to 51 cents, extending their decline this year to 71 percent.

Martinrea International Inc. (MRE CN): Canada's third- largest auto-parts maker said second-quarter net income fell 42 percent to C$11.3 million as sales slid 24 percent to C$410.9 million. Per-share earnings of 16 cents, excluding one-time items, exceeded the 12-cent average of analyst estimates compiled by Bloomberg. The shares fell 0.1 percent to C$6.69.

Research In Motion Ltd. (RIM CN): The maker of the BlackBerry e-mail phone was reinstated ``market perform'' by Steven Li at Raymond James Financial Inc. The Toronto-based analyst set a six month to 12-month share-price target of C$149.14 ($140). The shares gained 3.4 percent to C$139.24.

To contact the reporter on this story: John Kipphoff in Toronto at jkipphoff@bloomberg.net.