Matachewan Consolidated Mines, Limited Reports Earnings Results for the Third Quarter Ended September 30, 2020
November 25, 2020 at 09:52 pm IST
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Matachewan Consolidated Mines, Limited announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced negative total revenue was CAD 189,066 compared to total Revenue of CAD 46,657 a year ago. Net loss was CAD 240,352 compared to CAD 20,475 a year ago. Basic loss per share from continuing operations was CAD 0.02. For the nine months, total revenue was CAD 1.035 million compared to CAD 635,879 a year ago. Net income was CAD 881,427 compared to CAD 393,564 a year ago. Basic earnings per share from continuing operations was CAD 0.07 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 
