Nihao Mineral Resources International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 07, 2019 at 11:26 am IST
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NiHAO Mineral Resources International, Inc. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced net loss was PHP 695,238 compared to PHP 466,711 a year ago. Basic loss per share was PHP 0.001 compared to Basic EPS of PHP 0 a year ago. Basic loss per share from continuing operations was PHP 0.001 compared to Basic EPS - Continuing Operations of PHP 0 a year ago. For the half year, net loss was PHP 1.466 million compared to PHP 1.927 million a year ago. Basic loss per share was PHP 0.001 compared to PHP 0.002 a year ago.
NiHAO Mineral Resources International, Inc. is a Philippines-based mining company. The Companyâs primary purpose is to carry on the business of mining, milling, concentrating, converting, smelting, preparing for market, manufacturing, buying, selling, exchanging, and otherwise producing and dealing in nickel, chromite, and other kinds of ores, metal, minerals, and by-products. It has three mining claims located in the provinces of Zambales, Misamis Oriental and Masbate. Its Botolan Mining Claim has an approved MPSA (no. 315-2010-III) that covers approximately 5,081 hectares located in the town of Botolan, Zambales. Its subsidiary, Bountiful Geomines Inc. (BGI), has an exploration permit (EP) application with the MGB covering the Manticao Mining Claim, approximately 1,946 hectares located in Manticao, Misamis Oriental. Masbate13 Philippines, Inc. (Masbate13), one of the Companyâs subsidiaries through Oregalore, Inc. (OI), has an EP, denominated as EP-V-2008-05.