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Midway Gold posts net gain of $2.08 million for August
By Mark Reccek
Bethlehem, Pa., Sept. 30 – Midway Gold Corp. reported a net gain of $2.08 million for August on negative $1.76 million in total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Colorado.
For July, the company reported a net gain of $4.25 million on negative $5.97 million in total revenue.
The company also held $4.16 million in cash and equivalents as of Aug. 31, compared to $3.93 million as of July 31.
Midway, based in Vancouver, B.C., is a development-stage company that acquires, explores and develops gold and silver mineral properties in North America. The company filed for bankruptcy on June 22 under Chapter 11 case number 15-16835.
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