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The latest update is out from Laneway Resources Ltd. ( (AU:SVG) ).
Savannah Goldfields Limited reported cash receipts from customers of A$7.0 million in the March 2026 quarter, with production, staff, and corporate costs resulting in a positive operating cash flow of A$1.2 million for the period but a negative A$6.7 million year to date. Net cash used in investing was modest at A$0.2 million for the quarter, while financing activities resulted in a net outflow of A$0.9 million as borrowings were repaid, leaving the company with a small cash balance and highlighting tight but improving operational cash generation.
The company’s continued spending on exploration and evaluation, though reduced this quarter, underscores its strategy to sustain and potentially expand its gold production pipeline. However, the limited cash on hand and reliance on prior equity and debt raisings signal ongoing financial constraints that stakeholders will watch closely as the business seeks to balance investment needs with maintaining liquidity.
More about Laneway Resources Ltd.
Savannah Goldfields Limited is a mining exploration and production company focused on gold assets. The company operates in the resources sector and generates revenue from gold production activities, while also investing in exploration and evaluation of its tenements to support future output.
Average Trading Volume: 2,792,031
Technical Sentiment Signal: Sell
Current Market Cap: A$26.77M
Learn more about SVG stock on TipRanks’ Stock Analysis page.