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Feb 18, 2021

Silver price bonanza for Cannington balance sheet

Silver price bonanza for Cannington balance sheet

Rising silver and zinc prices helped drive a $130 million boost to Cannington mine’s pre-tax profits in the first half of this financial year. Underlying EBIT for the North-West Queensland silver-lead-zinc operation increased by 191 per cent to almost $200 million ($US154 million) for the period. Mine owner South32 said the bulk of the gains…

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