De Grey Mining Ltd (AU:DEG) has released an update.
De Grey Mining Ltd reported a quarterly decrease in cash from operating activities, posting a net outflow of $1,854,000 due to significant staff and administration costs. However, the company saw a substantial boost from financing activities, with net cash inflows amounting to $583,310,000 mainly from issues of equity securities. This financing surge led to a net increase in cash and cash equivalents, despite heavy investments in property, plant, and equipment, as well as exploration and evaluation activities.
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