Corazon Mining quarterly cash flow details

Corazon Mining (ASX:CZN) has announced its quarterly cash flow report for the period ending 30 September 2024. The report details the company's cash flow across operating, investing, and financing activities, highlighting a decrease in cash reserves by $624,000.

Corazon Mining future outlook and cash management

Corazon Mining (ASX:CZN) released its quarterly cash flow report, revealing a cautious approach to managing cash reserves. The company reported net cash outflows of $606,000 across operating and investing activities, resulting in a cash balance of $573,000 at quarter-end. With an estimated funding availability of 0.9 quarters, Corazon Mining plans to continue exploration activities at a reduced level and will seek additional funding if necessary. The report underscores the company's proactive strategy to ensure project continuity, with a focus on reducing expenditures and maintaining financial health. Transparency in related party transactions and future funding plans are emphasized, reflecting the company's commitment to financial governance.

Executive insights on cash flow report

The report is prepared in accordance with accounting standards and provides a true and fair view of the cash flow activities. Authorized by the Board of Directors on 23 October 2024.