Sandfire Resources NL
(ASX:SFR) has announced it has achieved record copper production for the 12 months to 30 June 2016.
Annual copper production rose to 68,202 tonnes, exceeding market guidance of 65-68,000 tonnes.
Contained Gold production for the year fell in the middle of the guidance range, coming in at 37,612 ounces.
The company has also indicated it has repaid a financing facility with ANZ ahead of schedule and now holds a net cash positive position of $10 million.
Sandfire Resources NL reported a net profit of $15.7 million at 31 December 2015.