Yes agree Exised. Paying off debt better than paying high dividends. EVN will probably continue to incur significant capital expenditure going forward (noting $531m spent in 23/24 on growth capital, and capital expenditure will be incurred at Northparkes for the new sub-cave and at Ernest Henry (the Bert orebody looks promising).
If you like mining companies paying dividends, the coal miners are likely to pay high dividends for the foreseeable future.
Ann: June 2024 Quarterly Report, page-20
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