Thunder Mountain Gold, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 15, 2021 at 05:18 pm IST
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Thunder Mountain Gold, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported revenue was USD 0.325 million compared to USD 0.325 million a year ago. Net loss was USD 0.654857 million compared to net income of USD 1.04 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
For the nine months, revenue was USD 0.725 million compared to USD 0.475 million a year ago. Net loss was USD 0.512537 million compared to net income of USD 1.38 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to basic earnings per share from continuing operations of USD 0.02 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to diluted earnings per share from continuing operations of USD 0.02 a year ago.
Thunder Mountain Gold, Inc. is a precious metals explorer. The Company is focused on developing precious and base metal projects in North America. The Company, including its subsidiaries, owns mining rights, mining claims, and properties in the mining areas of Nevada and Idaho, which includes its South Mountain Property in Idaho, and its Trout Creek Property in Nevada. Its land package at South Mountain consists of over 18 patented mining claims encompassing approximately 346 acres, 36 acres of private land, 21 unpatented mining lode claims covering approximately 290 acres, and approximately 489 acres of leased private land in the South Mountain Mining District, Owyhee County, Idaho. The Trout Creek project is a gold exploration target located along the western flank of the Shoshone Mountain Range in the Reese River Valley in Lander County, Nevada. The Project is located approximately 155 air miles northeast of Reno, Nevada, or approximately 20 miles south of Battle Mountain, Nevada.