Meeka Gold Limited (AU:MEK) has released an update.
Meeka Gold Limited’s quarterly cash flow report for the period ending 30 June 2024 reveals significant investment in project development and exploration, with a net cash outflow from operating and investing activities. However, the company secured substantial funding through equity securities and borrowings, leading to a positive cash flow from financing activities. Despite the outflows, Meeka Gold Limited managed to maintain a net positive increase in cash and cash equivalents for the period.
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