ARK Mines Ltd Cash Flow and Financing Update

ARK Mines Ltd (AU:AHK) has released an update.

ARK Mines Ltd reported a net decrease in cash flow from operating activities, totaling $449,000 for the current quarter and $1,979,000 year to date. However, the company saw an influx of cash from financing activities primarily through the issuance of equity securities, leading to a net increase in cash and cash equivalents of $2,882,000 over the nine months. Investment activities also resulted in a modest cash outflow, with $31,000 spent in the current quarter.

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