Mount Burgess Mining Sees Mixed Cash Flow Dynamics
Company Announcements

Mount Burgess Mining Sees Mixed Cash Flow Dynamics

Mount Burgess Mining N.L. (AU:MTB) has released an update.

Mount Burgess Mining NL reports a quarterly cash flow with a net decrease in cash and cash equivalents after operating and investing activities led to outflows of $45,000 and $29,000 respectively. Financing activities, however, provided a significant boost with net cash inflows of $340,000, largely due to proceeds from equity security issues. The company ended the quarter with an increase in cash and cash equivalents, in spite of operational and investment-related cash outflows.

For further insights into AU:MTB stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App