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Tims enjoys higher Q2 net income, new 52-week stock high

Tim Hortons Inc. (T.THI) hit a new 52-week high of $37.11; Tim Hortons Inc. reported that its second-quarter net income attributable to the company was $94.1 million, an increase of 21.0% compared to $77.8 million in the second quarter of last year. The company said that higher operating income, and a lower year-over-year tax rate primarily due to lower Canadian statutory rates resulting from its public company reorganization, contributed to its strong net income performance.

Earnings per share were $0.54, climbing 25.2% compared to $0.43 per share last year. The company noted that its EPS growth rate benefited by 4.2% from fewer outstanding shares due to its share repurchase programs.

Tanzanian Royalty Exploration Corporation (T.TNX) hit a new 52-week high of $5.62; no news announcements today

Osisko Mining Corporation (T.OSK) hit a new 52-week high of $14.16; no news announcements today

Orvana Minerals Corp. (T.ORV) hit a new 52-week high of $1.64; no news announcements today

Continental Gold Limited (T.CNL) hit a new 52-week high of $4.33; no news announcements today

Lydian International Limited (T.LYD) hit a new 52-week high of $1.90; no news announcements today

Winpak Ltd. (T.WPK) hit a new 52-week high of $11.74; no news announcements today