Matachewan Consolidated Mines, Limited Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 25, 2022 at 08:46 pm IST
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Matachewan Consolidated Mines, Limited reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported negative revenue was CAD 0.633836 million compared to revenue of CAD 0.218105 million a year ago. Net loss was CAD 0.693781 million compared to net income of CAD 0.166624 million a year ago. Basic loss per share from continuing operations was CAD 0.06 compared to basic earnings per share from continuing operations of CAD 0.01 a year ago.
For the six months, negative revenue was CAD 0.4718 million compared to CAD 0.191737 million a year ago. Net loss was CAD 0.574958 million compared to CAD 0.295053 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to CAD 0.02 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 
