Midway Gold Corp (MDW) filed Quarterly Report for the period ended 2011-09-30.
Midway Gold Corp. has a market cap of $244.6 million; its shares were traded at around $2.18 with a P/E ratio of 54.5.
This is the annual revenues and earnings per share of MDW over the last
10 years. For
detailed 10-year financial data and charts, go to 10-Year Financials of MDW.
Highlight of Business Operations:
The Company has not generated revenues from operations. The unaudited interim consolidated financial statements have been prepared on the basis that the Company is a going concern, which contemplates the realization of its assets and the settlement of its liabilities in the normal course of operations. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, confirmation of the Company s interests in the underlying properties, the attainment of profitable operations and/or realizing proceeds from the sale of one or more of the properties. As at September 30, 2011, the Company had an accumulated deficit of $71,363,778 and working capital of $13,195,282 which management believes is sufficient to fund ordinary operations through at least the next twelve months, however the Company intends to raise additional equity funds as the opportunity presents itself.
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