New Millennium Iron Corp. announced audited consolidated financial results for the fourth quarter and year ended December 31, 2016. For the fourth quarter, the company reported net loss of $1,184,000 or $0.01 per share compared to a restated net loss of $1,659,000 or $0.01 per share a year ago. The reduction in net loss was mainly due to a decline in mineral exploration and evaluation expenses from $394,000 in fourth quarter of 2015 to a recovery of $14,000 in fourth quarter of 2016. For the year, the company reported net loss of $5,573,000 or $0.03 per share compared to a restated net loss of $32,611,000 or $0.18 per share for the 2015 fiscal year. The most significant difference between the years is that in 2015 there was an impairment of the investment in TSMC in the amount of $26,798,000 for which there was no impairment in 2016.