Paladin Energy Ltd (ASX:PDN) Announces Quarterly Cash Flow Report
Financial Performance
Paladin Energy reported a net cash outflow from operating activities of US$17.7 million for the current quarter, compared to a net inflow of US$12.8 million year to date. Investing activities generated a positive cash flow of US$24.3 million, primarily from the disposal of short-term investments. Financing activities resulted in a net cash outflow of US$6.75 million, including repayments of borrowings.
Cash Position and Financing Facilities
The company maintains cash and cash equivalents of US$117.3 million at the end of the quarter. Paladin has access to total financing facilities of US$226.14 million, with US$176.05 million drawn. Unused financing facilities amount to US$50.09 million.
Investments and Acquisitions
During the quarter, Paladin acquired Fission Uranium Corp, involving US$31.8 million in cash and equivalents. The disposal of investments contributed US$38.2 million to cash flows.
Related Party Transactions
Payments to related parties, including directors’ fees, totaled US$134,000 in the current quarter.
Motley Fool contributor Aaron Shaw has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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