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Gold Road Resources Reports Positive Cash Flow of $258.22m for the December 2016 Quarter

27 Feb 2017  |  20:54:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Activities and Cashflow Report

Gold Road Resources reported positive cash flow of $258.22m for quarter ended 31 December 2016. Operating cash flow for the period was $(9.88m). Payments for exploration and evaluation were $(5.68m). Investing cash flow was $267.79m. Financing cash flow was $307,000. Cash in hand at the end of the quarter was $337.27m. The December quarter was a milestone period for the Gruyere Project (the Project), with the Company announcing it had entered into a transaction to sell a 50% interest in the Project. The A$350m transaction secures the production pathway for the Gruyere gold deposit.

Consolidated Statement of Cash Flow for the Quarter ended 31 December 2016

Current Quarter $A'000- 31 December 2016 Year to Date $A'000-6 Months
Net Operating Cash Flows (9,877) (9,710)
Net Investing Cash Flows 267,790 267,623
Total Operating and Investing Cash Flows 257,913 257,913
Net Financing Cash Flows 307 307
Net Increase (Decrease) in Cash Held 258,220 258,220
Cash at Beginning of Quarter/Year to Date 79,051 79,051
Cash at End of Quarter 337,271 337,271
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