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Mineral Park shows operating loss narrowing to $202,600 in February
By Caroline Salls
Pittsburgh, April 13 – Mineral Park, Inc. posted an operating loss of $202,600 for February on $1.68 million in revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In January, the company reported an operating loss of $359,740 on revenue of $2.99 million.
Mineral Park’s net income for February was $777,555, improving from a $187.64 million January net loss.
The company had $15.58 million in cash and cash equivalents as of Feb. 28, an increase from $12.84 million at the end of January.
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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