tiprankstipranks
De Grey Mining Reports Significant Cash Outflow
Company Announcements

De Grey Mining Reports Significant Cash Outflow

De Grey Mining Ltd (AU:DEG) has released an update.

Pick the best stocks and maximize your portfolio:

De Grey Mining Ltd reported a quarterly cash flow indicating a net cash outflow primarily due to significant investments in property and exploration. Despite generating some cash from operating activities, the company placed $460 million in term deposits, leading to a notable decrease in cash and cash equivalents.

For further insights into AU:DEG stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Australian Auto-Generated NewsdeskDe Grey Mining Explores Underground Potential at Hemi
TheFlyDe Grey Mining downgraded to Sector Perform from Outperform at RBC Capital
TipRanks Australian Auto-Generated NewsdeskNorthern Star to Acquire De Grey Mining
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App