Midway Gold posts $235,133 of net income for November on zero revenue

By Caroline Salls

Pittsburgh, Jan. 3 – Midway Gold Corp. posted net income of $235,133 for November on zero revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Colorado.

The company reported $273,342 in net income for October, on zero revenue.

In addition, Midway had $19.32 million of cash and cash equivalents as of Nov. 30, down from $19.73 million at the end of October.

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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