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Midway Gold records $954,475 of net income for month ended Feb. 29
By Caroline Salls
Pittsburgh, March 31 – Midway Gold Corp. reported $954,475 of net income for February on negative $1.71 million in total revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Colorado.
For January, Midway posted $1.07 million of net income on negative $1.32 million in total revenue.
The company also held $24.57 million in cash and cash equivalents as of Feb. 29, down from $24.84 million at the end of January.
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, 2015 under Chapter 11 case number 15-16835.
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