Freehill Mining Limited (ASX:FHS) Reports Strong Quarter-End Results
Financial Performance
Freehill Mining Limited achieved record gross sales of $954,000 in Q4, a 100% increase from the previous quarter. Quarterly cash receipts rose by 56% to $785,000, while net cash used in operating activities decreased significantly to -$114,000 from -$276,000.
Operational Achievements
The Yerbas Buenas project is now established as a competitive supplier in the region, supporting major multi-year infrastructure projects. Gross sales are expected to continue increasing due to strong customer demand and new tenders. The company remains well-funded with cash and receivables exceeding $380,000 at quarter-end.
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