@PupTentacle
“Following a period of higher capital investment [at Northparkes], the asset is now entering a cash flow generation phase, aligned with our strategy to continue to deleverage our balance sheet while delivering returns to our shareholders,” EVN MD and CEO Lawrie Conway says.
No need to wonder, Slide 14 from today's EVN investor presentation on Northparkes had the $ numbers for FY24 estimates:
1. Sustaining capital (A$10-15 million)
2. Major project capital (A$10-15 million)
3. Major mine development (A$10-15 million)
@ValueWorx63
Mr Klein said Evolution had learned lessons from past acquisitions, including paying $895 million across 2019 and 2021 for the underperforming Red Lake gold mine in Canada, and was attracted by the reliability of Northparkes. [AFR article this afternoon]
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
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