Midway Gold posts $47,251 of net income for January on zero revenue

By Caroline Salls

Pittsburgh, March 1 – Midway Gold Corp. posted net income of $47,251 for January on zero revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Colorado.

The company reported $40,190 of net income for December, also on zero revenue.

In addition, Midway had $19.14 million of cash and cash equivalents as of Jan. 31, down slightly from $19.16 million at the end of December.

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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