Legend Mining Limited’s Quarterly Financial Update

Legend Mining Limited (AU:LEG) has released an update.

Legend Mining Limited reported a decrease in cash and cash equivalents during the current quarter ending 30 June 2024, with notable expenditures on exploration and evaluation, and a one-off cost related to R&D refunds. Despite a small net decrease in operating cash flow, the company received substantial research and development refunds and interest, contributing to a net positive cash flow from operating activities year to date. Meanwhile, investing activities led to a cash outflow, primarily due to continued investments in exploration and evaluation.

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