Sunshine Gold Ltd (AU:SHN) has released an update.
Sunshine Metals Limited reports a challenging quarter with a net decrease in cash and cash equivalents, primarily due to significant cash outflows for exploration and evaluation, and tenement acquisitions. Despite a decrease in operating cash flow, the company secured a positive cash flow from financing activities, mainly through the issuance of equity securities. Overall, the quarterly financials indicate a dynamic period for the company with substantial investment in its growth ventures.
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