Nihao Mineral Resources International, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 11, 2020 at 10:05 pm EDT
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NiHAO Mineral Resources International, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced operating loss was PHP 638,153 compared to PHP 702,637 a year ago. Net loss was PHP 636,537 compared to PHP 695,238 a year ago. Basic loss per share was PHP 0.001 compared to PHP 0.001 a year ago. For the half year, operating loss was PHP 1.479 million compared to PHP 1.504 million a year ago. Net loss was PHP 1.456 million compared to PHP 1.466 million a year ago. Basic loss per share was PHP 0.001 compared to PHP 0.001 a year ago.
NiHAO Mineral Resources International, Inc. is a Philippines-based mining company. The Companyâs primary purpose is to carry on the business of mining, milling, concentrating, converting, smelting, preparing for market, manufacturing, buying, selling, exchanging, and otherwise producing and dealing in nickel, chromite, and other kinds of ores, metal, minerals, and by-products. It has three mining claims located in the provinces of Zambales, Misamis Oriental and Masbate. Its Botolan Mining Claim has an approved MPSA (no. 315-2010-III) that covers approximately 5,081 hectares (ha) located in the town of Botolan, Zambales. Its subsidiary, Bountiful Geomines Inc. (BGI), has an exploration permit (EP) application with the MGB covering the Manticao Mining Claim with an area of 1,946 ha located in Manticao, Misamis Oriental. Masbate13 Philippines, Inc. (Masbate13), one of the Companyâs subsidiaries through Oregalore, Inc. (OI), has an EP, denominated as EP-V-2008-05.
NIHAO MINERAL RESOURCES INTERNATIONAL, INC. 
