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Magnis Resources Reports Negative Cash Flow of $3.74m for the December 2016 Quarter

27 Feb 2017  |  21:25:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Quarterly Cashflow Report

Magnis Resources reported negative cash flow of $3.74m for quarter ended 30 December 2016. Operating cash flow for the period was $(5.43m). Payments for exploration and evaluation were $(976,000). Investing cash flow was $(5,000). Financing cash flow was $1.69m. Cash in hand at the end of the quarter was $2.37m.

Consolidated Statement of Cash Flow for the Quarter ended 30 December 2016

Current Quarter $A'000- 30 December 2016 Year to Date $A'000-6 Months
Net Operating Cash Flows (5,426) (8,285)
Net Investing Cash Flows (5) (70)
Total Operating and Investing Cash Flows (5,431) (8,355)
Net Financing Cash Flows 1,693 3,483
Net Increase (Decrease) in Cash Held (3,738) (4,872)
Cash at Beginning of Quarter/Year to Date 6,066 7,208
Cash at End of Quarter 2,366 2,366
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