Mineral Park marks $2.51 million October operating loss; revenue up

By Caroline Salls

Pittsburgh, Nov. 26 – Mineral Park, Inc. reported a $2.51 million operating loss for October on $15.94 million in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed improvement over the $2.55 million operating loss posted for the period of Aug. 26 through Sept. 30 on $10.99 million in revenue.

The net loss for October was $3.41 million, narrowing from a $5.28 million net loss for the September period.

The company had $1.85 million in cash and cash equivalents as of Oct. 31, down from $6.9 million at the end of September.

Mineral Park is a subsidiary of Vancouver, B.C.-based copper mining company Mercator Minerals Ltd. The company filed for bankruptcy on Aug. 25 under Chapter 11 case number 14-11996.

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