Matachewan Consolidated Mines, Limited Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 24, 2022 at 09:04 pm IST
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Matachewan Consolidated Mines, Limited reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was CAD 0.10524 million compared to negative revenue of CAD 0.287394 million a year ago. Net loss was CAD 0.180033 million compared to CAD 0.334977 million a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to CAD 0.03 a year ago.
For the nine months, negative revenue was CAD 0.36656 million compared to CAD 0.479131 million a year ago. Net loss was CAD 0.754991 million compared to CAD 0.63003 million a year ago. Basic loss per share from continuing operations was CAD 0.06 compared to CAD 0.05 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 
