De Grey Mining Ltd (AU:DEG) has released an update.
De Grey Mining Limited reported a net cash outflow from operating activities amounting to $9.65 million and a larger outflow from investing activities totaling $74.985 million over the past nine months. However, these outflows were significantly offset by a net cash inflow from financing activities, notably from equity securities issuance, which provided $290.593 million. Despite substantial investment in exploration and evaluation, the company has increased its cash and cash equivalents position to $342.729 million since the beginning of the period.
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