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Evolution Mining Sets Up FY24 for Cash Flow Growth and Returns: A Look at June Quarter and FY23 Highlights — ASX:EVN| ASX Mining News & Discussion
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Lykeshares Official
$EVN Evolution Mining Sets Up FY24 for Cash Flow Growth and Returns: A Look at June Quarter and FY23 Highlights
Evolution Mining Limited has released its Quarterly Report for the June 2023 fiscal year, highlighting key achievements and developments. The company is optimistic about the material increase in cash flow and returns in the upcoming fiscal year, setting the stage for further growth. Here are the highlights of the report:

Improved Safety Performance and Gold Production

Evolution Mining has shown improvement in its safety performance, with a 19% reduction in Total Recordable Injury Frequency (TRIF) year-on-year, reaching a rate of 8.6. In terms of gold production, the company produced 651,155 ounces in the FY23, which is approximately 1% from the updated FY23 guidance released on April 11, 2023.

Cash Flow and Operational Highlights

The All-in Sustaining Cost (AISC) for FY23 was $1,450 per ounce (US$976/oz). The company generated an operating mine cash flow of $944 million and a mine cash flow before major capital of $747 million. However, there was an impact on cash ...
Evolution Mining Sets Up FY24 for Cash Flow Growth and Returns: A Look at June Quarter and FY23 Highlights

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?