TheGame_2829
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Investors have been paying close attention to the capital expenditure dynamics of major technology companies in recent years. The rise of AI makes the technology industry unwilling to miss the opportunity unseen in decades. Arete Research predicts that these companies will allocate approximately $480 billion toward capital expenditures over the coming two years. However, the cash inflows and additional profits...
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TheGame_2829
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TheGame_2829
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$Evolution Mining Ltd (EVN.AU)$ rolled the dice, after taking on a lot of debt, and won….Net profit surged a whopping 135% to $482 million. Gearing levels have dropped down to 25% from 33% so these guys could now actually be in a position to buy one of Newmont’s ( $Newmont Corp (NEM.AU)$ ) smaller mines that are up for sale. BUY
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TheGame_2829
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$Rio Tinto Ltd (RIO.AU)$, despite a 2% decrease in second-quarter iron ore production from its Pilbara operations, has maintained its full-year guidance. The mining company reported 79.5 million tonnes of iron ore production and 80.3 million tonnes of shipments for the March quarter, with a 2% increase in shipments. Other divisions saw increases in production: aluminum up 1%, bauxite up 9%, and copper up 18%.
The lower iron ore output wa...
The lower iron ore output wa...
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