Aurwest Reports First Quarter Financial And Operating Results

Aurwest Resources Corporation (CSE:AWR) has announced its financial and operational results for the first quarter ended March 31, 2024. The company has filed its Financial Statements and Management's Discussion and Analysis (MD&A) on SEDAR+.

During the first quarter, Aurwest reduced operating costs by 3% to $108,025 compared to the previous year. The net loss for the quarter was $108,025 or $0.00 per share. Cash used in operating activities, before changes in working capital, was $71,113, while cash used in investing activities amounted to $1,605, primarily for core storage and sampling at the Stars exploration site.

To mitigate future capital obligations, Aurwest aims to focus on future exploration activities at its Stars Copper project in British Columbia. As of March 31, 2024, the company reported consolidated cash and cash equivalents of $13,612.