Mastermyne capex strategy delivering solid margins

MARGINS at Mastermyne’s operations continue to benefit from strategic capital investment in essential equipment, according to CEO Tony Caruso.
Mastermyne capex strategy delivering solid margins Mastermyne capex strategy delivering solid margins Mastermyne capex strategy delivering solid margins Mastermyne capex strategy delivering solid margins Mastermyne capex strategy delivering solid margins

Mastermyne's capex expenditure in FY2020 was driven by opportunistic investment supported by long-term projects.

He said in a presentation that the company sustained a strong period of investment to support its growth.

"Capex expenditure in FY2020 was driven by opportunistic investment supported by long-term projects," he said.

"It was a larger investment than previous periods but will continue to support future margins."

The company made capital investment of $13.4 million in FY2020.

Capital investment will reduce in FY2021, made up of mostly sustaining capex.

"New projects may require capital investment, but will be supported through a disciplined approach," Caruso said.