InvestSMART

Freehill Mining Limited (ASX:FHS)

ALERT: Price-sensitive ASX Announcement for FHS
Current share price for FHS : $0.001 -0.001 (-33.33%)+
Announcement
Release
31 Jul 2026 1:26PM
Price at Release
$0.002
Full Release
download
Summary
The quarterly cash flow report for Freehill Mining Limited for the quarter ending 30 June 2026 outlines significant financial activities. The company reported net cash used in operating activities of $372,000 and significant investment activities with net cash outflows amounting to $284,000. Financing activities provided $34,000 net cash inflow, with proceeds from equity and borrowings. The report shows a decrease in cash and cash equivalents from $776,000 to $157,000 by the end of the quarter, indicating challenging financial conditions. The company anticipates improvements in cash flows in the following quarters. The financing facilities available total $470,000, predominantly from factoring facilities in Chile. The estimated cash available suggests the company can fund its operations for approximately 1.65 quarters without additional financing.
Key Points
  • Freehill Mining Limited reported a net cash outflow from operating activities of $372,000.
  • Investing activities resulted in a net cash outflow of $284,000.
  • Financing activities contributed a net inflow of $34,000.
  • Cash and cash equivalents decreased from $776,000 to $157,000 during the quarter.
  • The company expects an improvement in cash flows due to strategic inventory management.
  • Factoring facilities in Chile provide $470,000 in available financing.
  • The report estimates 1.65 quarters of funding availability.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.