SFR sandfire resources limited

Sandfire Resources:Remainsour best (only)copper option....

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    Sandfire Resources:Remainsour best (only)copper option. SFRreported Dec-Q of 22.4kt copper and 24.2kt zinc. This was ~8% below ourestimate, with copper grades and poly copper recoveries at MATSA the drag,albeit partly offset by improved zinc production. FY24 guidance remains largelyon track with 58kt copper and 88kt zinc at MATSA. The Motheo mine ramp up andexpansion to 5.2mtpa (>50ktpa CuEq)by FY25remain on budget and track. Both MATSA and Motheo reported good cost control,with zinc credits bouncing back at MATSA for US$1.94/lb C1 costs (Sep-QUS$2.05/lb). SFR remains our preferred (and only) copper name on the ASX, butnet debt did increase US$22m over the quarter on concentrate sales timing andit has flagged ~US$30m rehab costs for DeGrussa. Our Buy rating and A$7.60/shprice target remain unchanged as we see copper prices higher into CY24E. Source:UBS
 
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Last
$10.64
Change
-0.470(4.23%)
Mkt cap ! $4.884B
Open High Low Value Volume
$10.30 $10.80 $10.11 $56.31M 5.307M

Buyers (Bids)

No. Vol. Price($)
1 650 $10.63
 

Sellers (Offers)

Price($) Vol. No.
$10.64 200 1
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Last trade - 16.10pm 31/07/2025 (20 minute delay) ?
SFR (ASX) Chart
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