DMC Mining Ltd. (AU:DMM) has released an update.
DMC Mining Limited reported a net cash outflow of $658,000 from operating activities in the current quarter, with year-to-date cash used in operations totaling $1,219,000, reflecting increased spending on exploration, development, and staff costs. The company also experienced a decrease in cash reserves, with a net decrease in cash and cash equivalents of $705,000 for the quarter, after accounting for cash used in both financing and operating activities. No significant investing activities were reported for the period.
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