Kingston Resources Ltd. (AU:KSN) has released an update.
Kingston Resources Limited reported a positive cash flow from operating activities totaling $1.552 million for the current quarter, signifying a stable inflow from its customer receipts despite notable payments for production, staff, and administrative costs. However, the company experienced a substantial outflow of $7.626 million in investing activities, primarily due to acquisitions and resource development, leading to an overall decrease in cash and cash equivalents. The financing activities slightly negatively impacted cash reserves, with minor equity securities issued and repayments of borrowings.
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