Matachewan Consolidated Mines, Limited Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 27, 2020 at 08:05 pm IST
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Matachewan Consolidated Mines, Limited announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net income was CAD 2.136 million compared to CAD 80,137 a year ago. Basic earnings per share was CAD 0.17 compared to CAD 0.01 a year ago. For the half year, net income was CAD 1.121 million compared to CAD 414,039 a year ago. Basic earnings per share was CAD 0.09 compared to CAD 0.03 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 
