CAHPF
Evolution Mining Ltd.OTCPK - Current
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  • Wed, Aug. 24, 4:06 AM
    • Glencore's (OTCPK:GLCNF) H1 adjusted net profit slumped two thirds to $300M and missed consensus of $318M.
    • Adjusted underlying profit (EBITDA) fell 13% to $4B.
    • Still, Glencore has cut debt to $23.6B by divesting assets and today said that it's agreed to sell future output from an Australian gold and copper mine for $670M to  Evolution Mining (OTCPK:CAHPF).
    • Glencore also set a new target of reduce debt to $16.5-17.5B by the end of year vs a previous aim of $17-18B.
    • Shares are -2.6% in London. (PR)
    | Wed, Aug. 24, 4:06 AM | 2 Comments