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Sunshine Gold Ltd ( (AU:SHN) ) has shared an update.
Sunshine Metals Limited has released its quarterly cash flow report for the period ending March 31, 2025. The report highlights a net cash outflow from operating activities of $211,000 and a significant investment in exploration and evaluation, amounting to $923,000. Despite these expenditures, the company secured $594,000 from shares to be issued, resulting in a net cash inflow from financing activities. The overall cash position decreased from $1.5 million at the beginning of the period to $963,000 at the end, reflecting the company’s ongoing investment in its exploration projects.
More about Sunshine Gold Ltd
Sunshine Metals Limited operates in the mining exploration industry, focusing on the exploration and evaluation of mineral resources. The company is primarily engaged in identifying and developing new mining opportunities, with a market focus on expanding its resource base and enhancing its exploration activities.
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$15.87M
For a thorough assessment of SHN stock, go to TipRanks’ Stock Analysis page.