- Significant gold resource increase in NI 43-101 compliant estimate for Gold Rock Project, White Pine County, Nevada (please refer to our press release dated February 29, 2012).
- Barrick Gold has informed Midway that it intends to conduct and fund an $11 million program at Midway’s Spring Valley Project, Pershing County, Nevada, in 2012 that includes both exploration drilling and development work in preparation for an internal pre-feasibility study. Exploration will be focused on in-fill drilling in the north resource area and expansion drilling of the south target area. The development work will include metallurgical, geotechnical and hydrological studies (please refer to our press release dated April 11, 2012).
- The appointment of Mr. John W. Sheridan to the Company’s Board of Directors and as chair of its Audit Committee, filling a previously announced vacancy. All three of Midway's board committees (Audit, Compensation, and Corporate Governance and Nominating) have three independent board members (please refer to our press release dated February 28, 2012).
|March 31, 2012||December 31, 2011|
|Cash and cash equivalents||$ 6,349,527||$ 10,191,069||(1)|
|Total assets||$ 59,963,263||$ 62,571,952|
|Liabilities||$ 5,564,599||$ 5,291,319||(2)|
|Total liabilities and shareholders’ equity||$ 59,963,263||$ 62,571,952|