S32 1.86% $3.70 south32 limited

South 32 Worlds Largest Silver mine, page-44

  1. 13,113 Posts.
    lightbulb Created with Sketch. 392
    Ok so as per report

    "Net debt declined by US$206M to US$196M2 during the September 2015 quarter. This included a US$52M reduction in the Group’s finance leases (US$575M) as the Australian dollar and Rand depreciated against the US dollar. Recognising the Group’s strong balance sheet, Standard and Poor’s and Moody’s reaffirmed their respective BBB+ and Baa1 credit ratings following recent annual reviews."

    I might be wrong but that's a huge debt reduction, and another quarter of the same will make them debt free?
 
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