Mako Gold Limited (AU:MKG) has released an update.
Mako Gold Limited has reported a challenging quarter with net cash used in operating activities amounting to $392,000 and investing activities consuming another $685,000. However, the mining and exploration company has managed to secure significant financing, generating a net cash inflow of $3,034,000 from financing activities. Despite the expenditures, the company’s cash position remains positive with a net increase in cash and cash equivalents for the period.
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