Corazon Mining Limited (AU:CZN) has released an update.
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Corazon Mining Limited reported a net increase in cash and cash equivalents of $530,000 for the current quarter ending 30 June 2024, despite operating activities resulting in a cash outflow. The company’s financial activities generated $320,000, while investing activities contributed positively with a net cash inflow of $279,000 mainly through the disposal of tenements. This marks a notable turnaround from the previous 12-month period, which saw a net decrease in cash and cash equivalents of $1,292,000.
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