Copper miners enjoy high profits, but development capital expenditure lag
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Copper miners are reportedly seeing high profits, but are lagging in development capital expenditure. Some mining companies, including Evolution Mining and 29Metals, have posted notable financial results, with Evolution Mining achieving record cash flow and 29Metals seeing steady revenue despite rising costs. The outlook for mining stocks is uncertain, with some sources suggesting that few look cheap despite booming commodity prices, while others discuss strategies for profiting from the copper shortage.
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