Challenger Exploration Limited (AU:CEL) has released an update.
Challenger Gold Limited reported a net cash outflow from operating and investing activities totaling $3,551,000 for the quarter ending 31 March 2024, despite a significant cash inflow from financing activities amounting to $5,639,000. The company’s cash outflows were mainly due to exploration, evaluation, and administrative costs, while financing was bolstered by proceeds from equity securities. Additionally, the company benefited from cash gains on currency conversion from USD to Argentinian Pesos.
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