Sunshine Gold Ltd (AU:SHN) has released an update.
Sunshine Gold Ltd reported a net increase in cash and equivalents after a quarter marked by significant investment in exploration and evaluation, alongside raised funds through equity securities. Operational activities resulted in a cash outflow, primarily due to administration and corporate costs, while financing activities provided a substantial cash inflow. Overall, the company managed to bolster its cash position despite the costs associated with its mining and exploration operations.
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