True North Gems Inc. announced earnings results for the third quarter ended September 30, 2020. For the third quarter, the company announced operating loss was CAD 40,756 compared to CAD 134,376 a year ago. Net loss was CAD 514,275 compared to CAD 241,026 a year ago. Basic loss per share was CAD 0.03. For the nine months, operating loss was CAD 154,459 compared to CAD 372,344 a year ago. Net loss was CAD 1.346 million compared to net income of CAD 318,811 a year ago. Basic loss per share was CAD 0.09 compared to basic earnings per share of CAD 0.03 a year ago. Basic loss per share from continuing operations was CAD 0.01 compared to CAD 0.03 a year ago.