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Company News Summary

Maca Provides Working Capital Update

02 Jul 2020  |  08:46:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Working Capital Update

MACA provided the following update with respect to its working capital position and carrying value of its receivables from its mining clients. It remains in a position of liquidity, with cashflow collections resulting in $113m of cash and net debt of $74m, as at 30 June 2020. This follows a capital investment into plant and equipment in excess of $110m for the year.

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