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Allied Nevada Gold operating loss drops to $3.81 million for September
By Mark Reccek
Bethlehem, Pa., Oct. 29 – Allied Nevada Gold Corp. posted a $3.81 million loss from operations for September on zero revenue, according to its monthly operating report filed Oct. 29 with the U.S. Bankruptcy Court for the District of Delaware.
In August, the company reported a $5.24 million loss from operations on $12.36 million in revenue.
Allied Nevada's net loss for September was $4.67 million, down from a $6.33 million August net loss.
The company also held $5.46 million in cash and cash equivalents as of Sept. 30, a decrease from $5.75 million at the end of August.
Allied Nevada is a Reno, Nev.-based gold and silver miner that filed for bankruptcy on March 10, 2015. Its Chapter 11 case number is 15-10503.
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