Resource Mining Corporation Limited (AU:RMI) has released an update.
Resource Mining Corporation Limited reported a decrease in cash and cash equivalents in its latest quarterly cash flow report, with significant outflows due to staff and administration costs, as well as exploration and evaluation expenses. Despite these outflows, the company managed to generate substantial funds through financing activities, which offset some of the cash decreases for the quarter ending 31 March 2024. The company’s financial position shows a net decrease in cash after accounting for operating, investing, and financing activities over the past nine months.
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