New Millennium Iron Corp. announced earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net loss of $1,265,000 or $0.01 per share compared to a net loss of $5,681,000 or $0.03 per share for the comparative period in 2014.

For the year, the company reported net loss of $31,273,000 or $0.17 per share compared to a net loss of $10,705,000 or $0.06 per share for the 2014 fiscal year. This loss includes an impairment of the investment in TSMC in the amount of $26,798,000, general and administrative expenses of $5,319,000.