Quarterly Cash Flow Report - March 2025
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| Stock | De Grey Mining Ltd (DEG.ASX) |
|---|---|
| Release Time | 4 Apr 2025, 4:28 p.m. |
| Price Sensitive | Yes |
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De Grey Mining Releases Q1 2025 Cash Flow Report
Key Points
- Cash and cash equivalents of $267.1M at quarter end
- Exploration and evaluation expenditure of $14.6M
- Debt-free with no financing facilities in place
Full Summary
De Grey Mining Ltd has released its quarterly cash flow report for the period ending 31 March 2025. The company reported a cash balance of $267.1M, with an additional $475.6M held in term deposits, bringing the total cash balance to $742.7M. During the quarter, De Grey spent $14.6M on exploration and evaluation activities, while payments for property, plant and equipment amounted to $30.3M. The company remains debt-free, with no financing facilities in place. Net cash from operating activities for the quarter was $1.5M, while net cash used in investing activities was $44.9M. The company's strong cash position provides ample funding for ongoing exploration and development activities.
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