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.

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