Golden Mile’s Cash Flow Challenges Unveiled

Golden Mile Resources Ltd. (AU:G88) has released an update.

Golden Mile Resources Ltd. has reported a net decrease in cash and cash equivalents of $1.298 million over the past nine months, ending 30 June 2024, despite a cash influx from financing activities. The company has primarily used its funds for exploration and evaluation activities, with significant cash outflows noted in this sector along with staff and administration costs. The quarterly cash flow report highlights the challenges faced by the mining exploration entity in managing its operating and investing activities.

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