Midway Gold records $93,109 of net income for August on zero revenue

By Caroline Salls

Pittsburgh, Oct. 3 – Midway Gold Corp. posted net income of $93,109 for August on zero revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Colorado.

The company reported $82,151 of net income for July, also on zero revenue.

In addition, Midway had $18.09 million in cash and cash equivalents as of Aug. 31, up slightly from $18 million at the end of July.

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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