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Mineral Park shows operating loss dropping to $359,740 during January
New York, March 3 – Mineral Park, Inc. posted an operating loss of $359,740 for January on $2.99 million in revenue, according to its monthly operating report filed March 3 with the U.S. Bankruptcy Court for the District of Delaware.
In December, the company reported an operating loss of $5.67 million on revenue of $12.56 million.
Mineral Park’s net loss for January was $187.64 million, jumping from a loss of $6.59 million in December.
The company had $12.84 million in cash and cash equivalents as of Jan. 31, an increase from $2.63 million at the end of December.
Mineral Park is a subsidiary of Vancouver, B.C.-based copper mining company Mercator Minerals Ltd. The company filed for bankruptcy on Aug. 25, 2014 under Chapter 11 case number 14-11996.
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