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Kingston Resources Ltd. ( (AU:KSN) ) just unveiled an announcement.
Kingston Resources Limited reported its quarterly cash flow, highlighting a net positive cash flow from operating activities amounting to $6.43 million, despite incurring significant expenses in production and staff costs. The company also raised $6.4 million from equity securities, contributing to a net cash inflow from financing activities. However, investing activities resulted in a net cash outflow of $8.03 million, largely attributed to investments in property, plant, and equipment, and development costs for the Pearse open pit mine. This financial update reflects Kingston Resources’ ongoing commitment to its mining projects, though it faces challenges in balancing its operational funding with substantial investment and development expenditures.
More about Kingston Resources Ltd.
Kingston Resources Limited operates in the mining exploration industry, focusing on the exploration and development of mineral resources. The company primarily engages in the development of mining projects, particularly targeting gold and copper assets.
YTD Price Performance: 7.50%
Average Trading Volume: 25,674
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €35.86M
See more insights into KSN stock on TipRanks’ Stock Analysis page.
