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Midway Gold posts $484,406 of net income for March on zero revenue
By Caroline Salls
Pittsburgh, May 1 – Midway Gold Corp. posted net income of $484,406 for March on zero net revenue, according to its monthly operating report filed April 28 with the U.S. Bankruptcy Court for the District of Colorado.
The company reported $120,571 of net income for February, also on zero revenue.
In addition, Midway had $18.63 million in cash and cash equivalents as of March 31, down from $19.08 million at the end of February.
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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