Matachewan Consolidated Mines, Limited Reports Earnings Results for the First Quarter Ended March 31, 2022
May 30, 2022 at 09:21 pm IST
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Matachewan Consolidated Mines, Limited reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was CAD 0.162036 million compared to negative revenue of CAD 0.409842 million a year ago. Net income was CAD 0.118823 million compared to net loss of CAD 0.461677 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to basic loss per share from continuing operations of CAD 0.04 a year ago.
Matachewan Consolidated Mines, Limited is a Canada-based company, which is engaged in the natural resource industry. The Company has investments in petroleum interests, as well as mineral resource properties, all of which are located in Canada. It is indirectly exposed to other natural resource opportunities by investing in marketable securities and investment in other companies listed on recognized exchanges that are natural resource based. The Company has a royalty interest in the Matachewan property consisting of 24 mining claims that forms part of the Young Davidson Mine operated by Alamos Gold Inc. The Company does not operate any of the interests it has in oil and natural gas.
MATACHEWAN CONSOLIDATED MINES, LIMITED 
