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Swick sets up for strong year

Swick Mining Services (ASX: SWK) has reported a big jump in free cashflow generation for the 2016 financial year, as the renewal of contracts with mid-tier miners positions it for a strong FY17.

Swick sets up for strong year Swick sets up for strong year Swick sets up for strong year Swick sets up for strong year Swick sets up for strong year

Gold and base metals companies have increased exploration and development drilling expenditure

The company posted a full-year loss of $A2.8 million due to the impairment of non-core assets and the de-recognition of carried forward tax losses in the international business.

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