Stanmore Resources Ltd (AU:SMR) has released an update.
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Stanmore Resources Ltd has reported a standout year with a 40% total shareholder return, tripling the ASX300 average, and achieved record operational performances, although there was a slight increase in their total recordable injury frequency rate. The company also made significant strides in sustainability, developing key policies and strategies, and is well-prepared for upcoming mandatory climate-related financial reporting. Notably, Stanmore strengthened its financial position, transitioning from net debt to a net cash position, and expanded its portfolio with strategic acquisitions like the Eagle Downs joint venture.
For further insights into AU:SMR stock, check out TipRanks’ Stock Analysis page.
