Mineral Park marks $3.37 million November operating loss; revenue up

By Caroline Salls

Pittsburgh, Dec. 30 – Mineral Park, Inc. reported a $3.37 million operating loss for November on $16.63 million in revenue, according to its monthly operating report filed Dec. 30 with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Mineral Park posted a $2.51 million operating loss for October on $15.94 million in revenue.

The net loss for November was $4.2 million, widening from a $3.41 million October net loss.

The company had $4.01 million in cash and cash equivalents as of Nov. 30, up from $1.85 million at the end of October.

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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