Midway Gold posts $936,357 of net income for April; total revenue up

By Caroline Salls

Pittsburgh, May 31 – Midway Gold Corp. posted net income of $936,357 for April on negative $1.47 million in total revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Colorado.

The company reported $2.42 million in net income for March on negative $2.06 million in total revenue.

In addition, Midway had $24.99 million in cash and cash equivalents as of April 30, down from $24.71 million at the end of March.

Based in Vancouver, B.C., Midway Gold 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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