De Grey Mining Reports Significant Cash Outflow
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De Grey Mining Reports Significant Cash Outflow

De Grey Mining Ltd (AU:DEG) has released an update.

De Grey Mining Ltd reported a quarterly cash flow indicating a net cash outflow primarily due to significant investments in property and exploration. Despite generating some cash from operating activities, the company placed $460 million in term deposits, leading to a notable decrease in cash and cash equivalents.

For further insights into AU:DEG stock, check out TipRanks’ Stock Analysis page.

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