Mundoro Announces Profitable H1-2023 Results

31/08/2023

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Mundoro Capital Inc. (TSXV: MUN | OTCQB: MUNMF | www.mundoro.com) ("Mundoro" or the "Company") is pleased to report profitable financial results from its operations in the first six months ending June 30, 2023 (“H1-2023”). Teo Dechev, CEO and President commented: “The Company has delivered a profitable first half of 2023 as a result of the generative business strategy which continues to operate 10 exploration programs, generating new exploration opportunities for partnering while maintaining low corporate expenses. Cash Flow from Operations increased by 561% to $1,263,215 which continues to improve the company’s balance sheet. For the second half of 2023, Mundoro is on track to reach the forecasted $2 million to $2.5 million in fees earned with total corporate and generative expenses of $1.6 million. The company is projected to complete 17,000 meters of drilling as a result of the $15 million in partner funded exploration expenditures in 2023.” Follow our weekly updat

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Source and Credit: mundoro.com

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