Maybe something to do with this @MC Camma
DJ Sandfire's Weak Guidance May Signal Monty Delay -- Market Talk
30 Jul 2018 10:35:48
0035 GMT - Citi is puzzled by Sandfire's forecast for flat annual gold production given the company has said the 1st ore from the high-grade Monty copper deposit in Western Australia would come by the end of 2018. So is Sandfire pushing back mining such product until after mid-2019? Citi suspects so. The investment bank's forecast has been for the Sandfire's FY copper output to be 73,000 tons, but the company is only forecasting 63-67,000. Citi also sees production rising to 87,000 in the year starting next July. Shares slumped 8.3% on Friday, the most in 2 1/2 years, and are down a further 7.6% today. That puts Sandfire down 25% from last month's record high and at near-4-month lows. ([email protected]; @dwinningWSJ)
(END) Dow Jones Newswires
Ann: Update on Sale of Interest in Springfield JV, page-9
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