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Nova boosts IGO balance sheet

INDEPENDENCE Group’s March quarter marked the company’s transition into a strongly cash-generative business resulting in reduced net debt and a stronger balance sheet despite a disappointing performance at the Jaguar mine, managing director Peter Bradford said today.

Haydn Black
Nova boosts IGO balance sheet

Bradford said the miner generated around half of its income from Nova in Western Australia's Fraser Range.   Free cashflow of A$57 million for the quarter was generated from revenue of $182.7 million....

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