Marengo Mining Reports Positive Cash Flow of $16.35m for the September 2009 Quarter (MGO.AX, 01005117, 20091029)

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Marengo Mining Reports Positive Cash Flow of $16.35m for the September 2009 Quarter
Thursday October 29, 2009, 6:44 pm

Original Announcement: Quarterly Cashflow Report

Marengo Mining reported positive cash flow of $16.35m for quarter ended 30 September 2009. Operating cash flow for the period was $(3.63m). Payments for exploration and evaluation were $(2.36m). Investing cash flow was $(74,000). Financing cash flow was $20.05m. Cash in hand at the end of the quarter was $21.37m.

Current Quarter $A'000-30 September 2009 Year to Date $A'000-3 Months
Net Operating Cash Flows (3,634) (3,634)
Net Investing Cash Flows (74) (74)
Total Operating and Investing Cash Flows (3,708) (3,708)
Net Financing Cash Flows 20,053 20,053
Net Increase (Decrease) in Cash Held 16,345 16,345
Cash at Beginning of Quarter/Year to Date 5,088 5,088
Cash at End of Quarter 21,374 21,374