E79 Gold Mines Limited (AU:E79) has released an update.
E79 Gold Mines Limited reported a decrease in cash from operating activities, totaling a net loss of $484,000 for the current quarter and a wider loss of $3,000,000 year to date, as detailed in their quarterly cash flow report. Despite this, the company saw an injection of cash from financing activities, which amounted to $703,000 for the quarter, resulting in an overall net increase in cash and cash equivalents. The exploration company, which is focused on the mining sector, also noted a minor cash outflow of $100,000 from investing activities for the quarter.
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