Mundoro Capital (TSE:MUN) has released an update.
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Mundoro Capital Inc. reported a strong financial year for 2023, with significant exploration activities including approximately 13,900 meters of drilling, leading to a positive cash flow and a solid cash position of $6.5 million. The company saw a substantial increase in net income to $1.39 million, up from a loss in the previous year, and does not plan to raise equity in 2024 due to its strong financial standing. These results are backed by a 240% increase in fees earned and net option payments, alongside increased exploration and project evaluation expenditures funded by partners.
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