Global natural resources group Glencore posts net income of $17.3 billion in 2022, up 248% from 2021 Glencore
- Global mining and natural resources group Glencore today reported net income attributable to equity holders of $17.3 billion for the full year 2022, up 248% from 2021.
The company also announced shareholder returns of $7.1 billion comprising a proposed $0.40/share base distribution in respect of 2022 cash flows, alongside an additional 'top-up' $0.5 billion cash distribution and a new $1.5 billion share buyback programme. The company's own sourced cobalt production in 2022 of 43,800 tonnes was 40% higher than 2021 following Mutanda's restart in Q4 2021. Own sourced zinc production of 938,500 tonnes was 16% lower than 2021, reflecting the disposal / cessation of South America operations, closure of Matagami and lower volumes from Mount Isa, as Lady Loretta approaches end of mine life.
The company also reported 2022 own sourced gold production of 661 koz , and own sourced silver production of 23,750 koz .
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