Matachewan Consolidated Mines, Limited Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 26, 2021 at 04:37 pm
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Matachewan Consolidated Mines, Limited announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was CAD 218,105 compared to CAD 2.171 million a year ago. Net income was CAD 166,624 compared to CAD 2.136 million a year ago. Basic earnings per share from continuing operations was CAD 0.01 compared to CAD 0.17 a year ago. For the half year, negative total revenue was CAD 191,737 compared to total Revenue of CAD 1.224 million a year ago. Net loss was CAD 295,053 compared to net income of CAD 1.121 million a year ago. Basic loss per share from continuing operations was CAD 0.02 compared to basic earnings per share from continuing operations of CAD 0.09 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 
