Candorium Free Members
Join Candorium to access the full article and more
Free Member Benefits:
✔
Comment & Reply✔
Newsletter Access✔
Follow Authors✔
Share via SMS Go Back
Trilogy Metals Inc. Reports Loss of $11.93 Million for the Nine Months Ended August 31, 2023
By USInMinutes - Oct 11, 2023, 06:48 AM ET
Last Updated - Oct 11, 2023, 08:27 AM EDT
The company's total assets decreased to $140.58 million in this period from $146 million year over year
Trilogy Metals Inc. [TMQ], a leading mining company, has reported a net loss of $11.93 million for the nine months ended August 31, 2023. This represents a decrease from the net loss of $19.04 million reported for the same period last year.
Trilogy Metals Inc. recorded a gain of $8.93 million on its equity investment in Ambler Metals LLC, a decline from $13.3 million in the previous period.
Sponsored
Revenue Growth
Trilogy Metals Inc. has maintained a stable financial position during the nine months ended August 31, 2023. The company's total assets decreased from $146 million to $140.58 million, primarily attributed to a decrease in the investment in Ambler Metals LLC. However, the company's total liabilities also decreased slightly from $567,000 to $564,000. It's shareholders' equity was relatively stable at $140.01 million.
Earnings Per Share
Trilogy Metals Inc. reported basic and diluted losses per common share of $0.08 for the nine months ended August 31, 2023, compared to a loss per share of $0.13 reported for the same period last year. The company's basic weighted average number of common shares outstanding increased from 145,555,376 to 151,572,299, indicating potential dilution of shares.
Related News:
Sponsored
Read More from Quarterly Reports
Read More from USinMinutes
Popular News
Latest News
