Sandfire Resources Limited (AU:SFR) has released an update.
Sandfire Resources Limited reported a 47% increase in Group Copper Equivalent production, reaching 133.5kt in FY24, slightly below the annual guidance. The company also announced a growth platform for a further 13% increase in production in FY25, banking on the full-year operation of Motheo and recovery at MATSA. Additionally, Sandfire highlighted a significant reduction in their net debt to $396M and unaudited Group sales revenue of approximately $935M, with expectations of continued growth supported by a comprehensive five-year drilling plan.
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