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Quarterly Activities Report: Prime Mining Cash Balance increases 45,558.1%

Jan 16, 2020 - News Bites Canadian Markets


Corporate Wire Date: 16 January 2020 02:17 EST

The Cash Burn of operating activities was CAD2,332,483 for the six months ended October 31, 2019. This corresponds to an average Cash Burn Rate of CAD863,896 per month. To support this Cash Burn Rate, the cash balance of CAD2,850,893 as at October 31, 2019 should be adequate till February 18, 2020.

Quarter ended 31 Oct 2019 CAD Cash and cash equivalents at beginning of period 6,000 Net cash from ...