Midway Gold records $118,567 net income for September, zero revenue

By Caroline Salls

Pittsburgh, Nov. 1 – Midway Gold Corp. posted net income of $118,567 for September on zero revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Colorado.

In August, the company posted $93,109 of net income, also on zero revenue.

In addition, Midway had $17.88 million in cash and cash equivalents as of Sept. 30, down from $18.09 million at the end of August.

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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