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Midway Gold records $82,151 of net income for July on zero revenue
By Caroline Salls
Pittsburgh, Sept. 1 – Midway Gold Corp. posted net income of $82,151 for July on zero revenue, according to its monthly operating report filed with the U.S. Bankruptcy Court for the District of Colorado.
The company reported $132,523 of net income for June, also on zero revenue.
In addition, Midway had $18 million in cash and cash equivalents as of July 31, down from $18.06 million at the end of June.
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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