Inca Minerals Limited (AU:ICG) has released an update.
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Inca Minerals Limited reported a net decrease in cash and cash equivalents for the current quarter ending 31 March 2024, with significant investments in exploration and evaluation activities. The company managed to offset some of these expenditures through a net increase in financing activities, primarily through proceeds from issues of equity securities. Administrative and staff costs also contributed to the cash outflow, but the overall financial position was bolstered by cash inflows from financing.
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