Argosy Minerals Limited (ASX:AGY) Quarterly Cash Flow Report
Financial Overview
Argosy Minerals Limited reported cash flows for the quarter ended December 31, 2024. The company experienced net cash outflows of $187,000 from operating activities, amounting to $1,227,000 year to date. Payments towards staff costs and administration reached $245,000 for the quarter.
Investing and Financing Activities
In investing activities, Argosy Minerals recorded cash outflows of $1,373,000, including $11,000 for exploration and evaluation and $466,000 for development. Loan to Puna Mining resulted in a total of $896,000 this quarter, contributing to an annual total of $12,067,000.
Financing activities yielded a net cash outflow of $16,000, with an overall cash position at the end of the period standing at $5,959,000. The company maintained a strong cash balance from previous activities, still holding an additional US$95,000 in Puna Mining S.A. at the quarter’s end.
Future Outlook
Argosy Minerals’ estimated cash available for future operating activities is $5,959,000, which provides an estimated 30 quarters of funding based on current expenditure levels. This reinforces the company’s potential capability to sustain its operations and strategic projects moving forward.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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