E79 Gold Mines Limited (AU:E79) has released an update.
E79 Gold Mines Limited experienced a net decrease in cash and cash equivalents in the current quarter, with operating activities leading to a cash outflow of $562,000. This financial activity contributed to a nine-month cash outflow of $2,516,000, primarily due to exploration and staff costs. Despite these expenditures, the company maintains a cash and cash equivalents balance of $2,531,000 as of the end of the period.
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