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Midway Gold sees $2.99 million of November income, negative revenue
By Caroline Salls
Pittsburgh, Dec. 31 – Midway Gold Corp. reported $2.99 million of net income for November on negative $1.48 million in total revenue, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.
For October, Midway posted $2.39 million of net income on negative $1.6 million in total revenue.
The company also held $2.39 million in cash and cash equivalents as of Nov. 30, down from $2.78 million at the end of October.
Midway, based in Vancouver, B.C., is a development-stage company that acquires, explores and develops gold and silver mineral properties in North America. The company filed for bankruptcy on June 22 under Chapter 11 case number 15-16835.
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