Matachewan Consolidated Mines, Ltd. Reports Earnings Results for the Second Quarter Ended June 30, 2019
August 22, 2019 at 04:08 pm
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Matachewan Consolidated Mines Ltd. announced earnings results for the second quarter ended June 30, 2019. For the second quarter, the company announced total revenue was CAD 168,813 compared to CAD 206,369 a year ago. Net income was CAD 80,137 compared to CAD 101,538 a year ago. Diluted eps was CAD 0 compared to CAD 0.01 a year ago. For the half year, total revenue was CAD 589,222 compared to negative total revenue of CAD 38,934 a year ago. Net income was CAD 414,039 compared to net loss of CAD 194,995 a year ago. Diluted earnings per share was CAD 0.03 compared to diluted loss per share of CAD 0.02 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 
