Hillgrove Resources Limited (AU:HGO) has released an update.
Hillgrove Resources Limited reported a challenging quarter with a net cash outflow from operating activities totaling $4,038,000, alongside significant investment expenditures of $7,482,000 for property, plant, and equipment. However, the company managed to generate a net increase in cash and cash equivalents thanks to $10,131,000 raised from equity securities, offsetting the cash outflows and ending with an overall positive cash flow for the quarter.
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