Republic Metals Refining Corp., a precious metals refinery and mint, and two affiliated companies, filed for Chapter 11 protection Nov. 2 in New York.
The Miami-based company estimated in court documents that it has between $100 million and $500 million in debts, and between $1 and $10 million in assets. Its largest creditor is Laurelton Sourcing LLC, Parsippany, N.J., with a $17.15 million claim. Coeur Mexicana SA de CV, Mexico, has a $9.66 million claim.
The company discovered “a significant discrepancy in its inventory accounting” when it was preparing its 2017 year end financial information, which led to the decision ...
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