Atacama Resources International, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 18, 2019
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Atacama Resources International, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced sales was USD 1.000 million compared to USD 0 a year ago. Operating loss was USD 1.358 million compared to USD 69,984 a year ago. Net loss was USD 691,987 compared to USD 61,803 a year ago. Basic loss per share from continuing operations was USD 0.001 compared to Basic EPS - Continuing Operations of USD 0 a year ago. For the nine months, sales was USD 1.000 million compared to USD 15,500 a year ago. Operating loss was USD 1.803 million compared to USD 190,439 a year ago. Net loss was USD 1.023 million compared to USD 161,863 a year ago. Basic loss per share from continuing operations was USD 0.001 compared to Basic EPS - Continuing Operations of USD 0 a year ago.
Atacama Resources International, Inc. is a mineral exploration company with mining claims in the greater Kirkland Lake area of Northern Ontario. Metals and minerals under potential exploration include gold, silver, lithium, graphite, and cobalt. The Companyâs Ontario properties include Heighington Lithium Property, Atakokan Lithium Property, Carbonatite Properties, Tannahill Gold Property, Atacama 3 Property, Golden Eagle Property, and Cabo Cobalt/Diamond Property. The Heighington Lithium Property consists of 12 units located north of Cochrane. The Companyâs Atakokan Lithium Property consists of two units situated to the east of Atikokan with a section of the transcanada highway cutting across the northwest section of the claim block. The Carbonatite Properties consist of about 35 units that cover a significant portion of a massive Alkalic Intrusive unit with Carbonatite. Tannahill Gold Property consists of 29 claim units located to the northeast of the Kirkland Lake Gold camp.