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Molycorp loss narrows to $13.32 million in October; revenue climbs
By Caroline Salls
Pittsburgh, Nov. 30 – Molycorp, Inc. reported a $13.32 million operating loss for October on $16.4 million in total revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Molycorp posted an $18.56 million operating loss for September on $11.84 million in total revenue.
The company had $47.54 million in cash and cash equivalents as of Oct. 31, down from $56.6 million at the end of September.
Molycorp is a Greenwood Village, Colo., producer of materials from rare earth minerals that filed for bankruptcy on June 25 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 15-11357.
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