Matachewan Consolidated Mines, Limited reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported revenue was CAD 1.43 million compared to negative revenue of CAD 0.342823 million a year ago. Net income was CAD 1.32 million compared to net loss of CAD 0.436824 million a year ago. Basic earnings per share from continuing operations was CAD 0.1 compared to basic loss per share from continuing operations of CAD 0.04 a year ago.
For the six months, revenue was CAD 1.88 million compared to CAD 0.195863 million a year ago. Net income was CAD 1.68 million compared to CAD 0.021071 million a year ago. Basic earnings per share from continuing operations was CAD 0.14.