By Dow Jones
TORONTO (MarketWatch) -- Listed below are the stocks expected to move during Thursday's trading session. They are listed with Wednesday's closing prices.
Pan American Silver Corp.'s (PAAS, C$31.75, C$0.42, 1.3%) first-quarter earnings more than tripled, beating analyst expectations, as higher prices more than offset lower silver and gold production. Separately, Treasury Metals Inc. (TML.T, C$1.33, C$0.05, 3.9%) said it has agreed to buy the Pico Machay gold project in Peru from Pan American for $21 million cash and 11.5 million shares.
Birchcliff Energy Ltd. (BIR.T, C$12.62, C$0.24, 1.9%) will proceed with the Phase III expansion of its Pouce Coupe South gas plant in Alberta, doubling processing capacity to 120 million cubic feet a day. As a result of the expansion, it's now forecasting a 2012 exit rate of 27,000-28,000 barrels of oil equivalent a day.
RioCan REIT (REI.UN.T, C$25.80, C$0.24, 0.9%) posted a first-quarter profit of C$1.33 a unit, helped by a big gain. Operating FFO was up 15%.
Dundee REIT (D.UN.T, C$33.83, C$0.06, 0.2%) plans to sell 4.06 million Series A units at C$33.30 each to raise C$135.2 million.
CAE Inc. (CAE, C$12.63, -C$0.07, -0.6%) posted a fourth-quarter profit of 19 Canadian cents a share, ahead of the 17 Canadian cents analysts polled by Thomson Reuters were expecting. Revenue was up 17%, also ahead of analyst expectations.
Crew Energy (CR.T, C$14.45, C$0.16, 1.1%) swung to a first-quarter loss and posted lower cash flow and sales.
Pacific Rubiales Energy Corp. (PRE.T, C$26.49, -C$0.17, -0.6%) swung to a first-quarter loss of 26 cents a share, hurt by a number of items, from a profit of 30 cents a year earlier.
Open Range Energy Corp. (ONR.T, C$4.78, C$0.04, 0.8%) said first-quarter FFO more than doubled to C$14.5 million or 23 Canadian cents a share. Average production is currently 4,500 barrels of oil equivalent a day and Open Range is forecasting an exit rate of 6,200 barrels a day.