De Grey Mining’s (ASX:DEG) revenue soars over 301% in FY24.

Tue 10 Sep 24, 07:25 AM | Team Kalkine

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Highlights

De Grey Mining Limited (ASX:DEG) is an ASX-listed gold exploration and project development company with focus on Western Australia. The company is focused on progressing its Hemi Gold Project, Pilbara.

In the financial year 2024 (FY24), DEG’s revenue jumped 301.56% YoY to AUD 16.25 million and losses decreased by 9.39% YoY to AUD 17.22 million. The company ended FY24 with a cash and cash equivalent balance of AUD 686.64 million, up 509.23% over previous corresponding period.

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