MC Mining Ltd (GB:MCM) has released an update.
MC Mining Limited reported a mixed financial quarter ending March 31, 2024, with cash flows from operating activities generating $8.59 million, but net cash decreased by $1,126,000 due to significant investments in property, plant, and equipment. The company closed the quarter with $2.17 million in cash and cash equivalents, while total financing facilities reached $9.75 million out of a total $9.8 million available, suggesting a strong financial position to sustain future operations.
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