BH invited us to assess performance as production against guidance and SFR has hit its marks.
At three quarter time, comparisons critique the accuracy of planning and forecasting as much as operational outcomes.
Modest (lower) changes to capex, usual hiccups in operations, timing of output deliveries have all influenced the results. These are minor and do not detract from another quarter of genuine achievement.
Uncertainty recedes further and certainty can be capitalised. BH & team are managing their mines well.
A variable not in their hands is the price of copper, which has gone berserk.
https://tradingeconomics.com/commodity/copper
GLTAH
Ash
Ann: Sandfire March 2024 Quarterly Presentation, page-2
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