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Allied Nevada Gold posts $6.26 million loss from operations for July
By Mark Reccek
Bethlehem, Pa., Aug. 27 – Allied Nevada Gold Corp. posted a $6.26 million loss from operations for July on $10.83 million in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
In June, the company reported a $245.6 million loss from operations on $13.48 million in revenue.
Allied’s net loss for July was $7.37 million, down from a net loss of a $248.04 million in June.
The company also held $11.34 million in cash and cash equivalents as of July 31, up from $8.58 million at the end of June.
Allied Nevada is a Reno, Nev.-based gold and silver miner that filed for bankruptcy on March 10. Its Chapter 11 case number is 15-10503.
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