Midway Gold records $2.42 million of net income for March

By Sheri Kasprzak

New York, April 29 – Midway Gold Corp. posted net income of $2.42 million in March on negative $2.06 million in total revenue, according to the company’s monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Colorado.

The company reported $954,475 net income for February on negative $1.71 million in total revenue.

The company had $24.71 million in cash and cash equivalents as of March 31, little changed from $24.57 million at the end of February.

Based in Vancouver, B.C., Midway Gold 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, 2015 under Chapter 11 case number 15-16835.

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