PERTH – Diversified miner South32 on Thursday announced record earnings and cash flows for the 2022 financial year ended June.
Underlying Ebitda for the full year reached $4.75-billion, up from the $1.85-billion last year, while underlying earnings reached $2.6-billion, up from $489-million.
“At Hermosa, we completed a prefeasibility study for the zinc/lead/silver Taylor deposit, which demonstrated its potential to be a globally significant producer of base metals, and advanced our study of options for the battery-grade manganese Clark deposit,” Kerr said. “The board has also resolved to further expand our capital management programme by $156-million to $2.3-billion, leaving $250-million to be returned to shareholders by September 2023,” Kerr said.
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