Sandfire Resources (ASX:SFR) maintains full year guidance

Company News

by Rachael Jones

Sandfire Resources (ASX:SFR) has maintained its full-year production guidance for the 2020 financial year, following a strong December quarter.

The miner yesterday reported that copper production for the three months to December was up to 18,258 tonnes, from 16,730 tonnes produced in the previous quarter.

Gold production also increased from 8,647 oz to 10,723 oz in the same period.

The company is still waiting on the Final Environmental Impact Statement (EIS) and Record of Decision (ROD) for the Black Butte Copper Project in Montana expected in the near-term, with Feasibility Study to follow with final requirements of the EIS and ROD

This is important as the DeGrussa copper-gold mine in Western Australia approaches the end of its life.

Shares in Sandfire Resources (ASX:SFR) closed 1.25 per cent higher at $5.67 yesterday.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.