Magnum Mining and Exploration Limited (AU:MGU) has released an update.
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Magnum Mining and Exploration Limited reported a decrease in cash flow for the quarter ended September 30, 2024, primarily due to significant operating expenses in exploration, staff, and administrative costs. The company experienced a net cash outflow of $572,940 from operations, with no additional cash generated from investing or financing activities. This highlights potential challenges the company faces in managing cash amid ongoing exploration and evaluation activities.
For further insights into AU:MGU stock, check out TipRanks’ Stock Analysis page.
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