Legacy Iron Ore Faces Cash Flow Challenges Amid Exploration
Company Announcements

Legacy Iron Ore Faces Cash Flow Challenges Amid Exploration

Legacy Iron Ore Ltd (AU:LCY) has released an update.

Legacy Iron Ore Ltd reported a challenging quarter ending September 2024, with a net cash decrease due to increased operating and investing activities outflows. The company’s operating activities resulted in a cash deficit of $1.7 million, while investment activities further drained $2.4 million. Despite these financial hurdles, the company remains focused on its exploration and development initiatives.

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

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