49 North Resources Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported negative revenue was CAD 5.46 million compared to revenue of CAD 0.625 million a year ago. Net loss was CAD 5.7 million compared to net income of CAD 0.244 million a year ago. Basic loss per share from continuing operations was CAD 0.03. Diluted loss per share from continuing operations was CAD 0.03.
For the six months, negative revenue was CAD 6.84 million compared to CAD 5.74 million a year ago. Net loss was CAD 7.71 million compared to CAD 6.41 million a year ago. Basic loss per share from continuing operations was CAD 0.05 compared to CAD 0.08 a year ago. Diluted loss per share from continuing operations was CAD 0.05 compared to CAD 0.08 a year ago.