Oriental Non-Ferrous Resources Development Inc. Reports Earnings Results for the Second Quarter Ended March 31, 2019
May 30, 2019 at 10:46 pm IST
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Oriental Non-Ferrous Resources Development Inc. announced earnings results for the second quarter ended March 31, 2019. For the second quarter, the company announced net loss was CAD 52,548 compared to CAD 66,974 a year ago. For the half year, net loss was CAD 82,692 compared to CAD 103,201 a year ago.
Oriental Non-Ferrous Resources Development Inc is a Canada-based company engaged in nonferrous metal mining business sector. The Company's objective is to seek out and acquire prospective mineral exploration properties in Mongolia with the view to exploring and developing the properties. The Company holds mineral exploration license of the mineral properties located in Kharganii am-1, Bornuur soum, Tuv aimag, Mongolia totalling 1,073 hectares and mineral mining license covering 42.12 hectares of same areas, which is its primary mining focus.