E79 Gold Mines Ltd Quarterly Cashflow Report - December 2025
Key points
- Increased cash balance to $3.6 million
- Completed acquisition of Cue Metals Pty Ltd
- Exploration and evaluation expenditure of $867,000
Full summary
E79 Gold Mines Ltd has released its quarterly cashflow report for the period ending 31 December 2025. The company reported a net cash outflow from operating activities of $488,000, primarily due to exploration and evaluation costs of $867,000 and staff and administration costs of $299,000. The company also completed the acquisition of Cue Metals Pty Ltd, including legal and other costs, for $98,000. Despite these outflows, the company's cash balance increased to $3.6 million, up from $1.3 million in the previous quarter, due to a $3.1 million capital raise. The company remains well-funded to continue its exploration and evaluation activities.
Summary generated by a large language model. Please interpret with care.