Laneway Resources Ltd. (AU:SVG) has released an update.
Savannah Goldfields Limited reported a challenging quarter with a net cash decrease from operating activities, citing significant cash outflows for production and exploration. Despite these setbacks, the company saw a positive cash flow from financing activities, mainly due to equity securities issuances and borrowings, which helped offset the operational cash burn. The report indicates a net increase in cash and cash equivalents, demonstrating the company’s ability to secure financing amidst operational expenditures.
For further insights into AU:SVG stock, check out TipRanks’ Stock Analysis page.