Savannah Goldfields Navigates Cash Flow Challenges

Laneway Resources Ltd. (AU:SVG) has released an update.

Savannah Goldfields Limited reported a challenging quarter with a net cash decrease from operating activities, citing significant cash outflows for production and exploration. Despite these setbacks, the company saw a positive cash flow from financing activities, mainly due to equity securities issuances and borrowings, which helped offset the operational cash burn. The report indicates a net increase in cash and cash equivalents, demonstrating the company’s ability to secure financing amidst operational expenditures.

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