Auric Mining Ltd. (AU:AWJ) has released an update.
Auric Mining Ltd reported a decrease in cash flow from operating activities, with $629,000 used in the current quarter despite generating $4,097,000 year to date, largely from gold sales at Jeffreys Find. Investment activities also saw a net cash use of $1,846,000 for the quarter, contributing to a total decrease in cash and cash equivalents of $4,493,000 for the period. The report indicates the company’s continued investment in exploration and evaluation, with significant payments made towards these activities.
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