Mineral Park posts $2.55 million operating loss for Aug. 26-Sept. 30

By Caroline Salls

Pittsburgh, Oct. 29 – Mineral Park, Inc. reported a $2.55 million operating loss for the period of Aug. 26 through Sept. 30 on $10.99 million in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The net loss for the period was $5.28 million.

The company had $6.9 million in cash and cash equivalents as of Sept. 30.

Mineral Park is a subsidiary of Vancouver, B.C.-based copper mining company Mercator Minerals Ltd. The company filed for bankruptcy on Aug. 25 under Chapter 11 case number 14-11996.

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